Chase Bank, a subsidiary of JP Morgan Chase & Co. (NYSE: JPM), has listed their home purchase and refinance mortgage rates for today, October 10, 2013.
The updated rates have been made on the assumption of a loan amount of $215,000 and that the lender has excellent credit to qualify for the listed rates.
When it comes to the 30 Year Fixed Rate Purchase Loan, borrowers can lock in a rate of 4.250% today. In correspondence, the APR (annual percentage rate) has been published at 4.324% today.
The more popular 15 Year Fixed Rate Purchase Loan offered by Chase Bank can be quoted today at 3.375% with an APR sitting at 3.502%.
For those borrowers more interested in their refinancing options with Chase Bank, there are quite a few offers available. The 30 Year Fixed Refinance can be locked in today at 4.375%, with an APR of 4.492%.
Some borrowers may find the 15 Year Refinancing more tailored to their needs, in which case the rate can be picked up at 3.375%, with an APR value of 3.502%.
Buyers needing extra flexibility will be well suited with the adjustable rate mortgage (ARM) loans offered by Chase Bank.
Today the flexible 7/1 ARM for purchases is listed at 3.625% and carried with it an APR of 3.293%.
The 5/1 ARM on the other hand, has an interest rate of 3.000% with a corresponding APR variable of 3.006%.
Borrowers interested in the banks flexible refinancing options may find the 7/1 ARM value enticing at a rate of 3.625%, with an APR sum of 3.324%. In addition, the other option is the 5/1 ARM home refinance loan.
Borrowers interested in that loan can expect a rate of 3.250% today, October 10, 2013, while the APR is set at 3.094%.
The mortgage rate quotes provided can change without notice and can vary when the loan is approved or the funds are disbursed. It is best to see the lender’s website for current purchase and refinance rate, or contact a loan officer directly.
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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