Best Mortgage Rates for Thurs Oct 16 at Chase Bank

Best Mortgage Rates for Thurs Oct 16 at Chase BankMortgage rates have shown some movement at JPMorgan Chase on Thursday, October 16. Chase advertises the benchmark 30-year fixed rate mortgage with an interest rate as low as 3.875% today with an APR of 3.937%. The popular shorter-term 15-year fixed loan is advertised at 3.000% with a 3.180% APR.

For greater flexibility and the lowest mortgage rates, Chase advertises the 5/1 LIBOR ARM at 2.875% for the first five years with a corresponding APR of 2.871% and 1.00 points. The 7/1 adjustable rate mortgage is quoted at a higher 3.000% interest rate that is locked for seven years. The 7/1 ARM has an APR of 2.933% to start.

Chase Refi Rates Today

Refinance interest rates remain competitive on Thursday. Chase quotes the standard 30-year fixed refinance loan at 4.000% today for well qualified buyers with a corresponding APR of 4.093%. The shorter-term 15-year fixed refi loan is quoted at 3.125% with an APR of 3.287%.

Homeowners can also choose to refinance into an adjustable rate mortgage. A 5/1 adjustable rate refinance is advertised as low as 3.000% for the first five years with an APR of 2.904% to start. A 7/1 refinance ARM is quoted at 3.125% locked for seven years with a 2.991% APR to start.

Disclaimer: The advertised rates were submitted by each individual lender/broker on the date indicated. Rate/APR terms offered by advertisers may differ from those listed above based on the creditworthiness of the borrower and other differences between an individual loan and the loan criteria used for the quotes.

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Rob is a analyst and reporter covering stocks and business news.