Depending on your goals and financial situation, you’ll have several different loan options to choose from. We’ll help you understand the differences between them so you can choose a home loan that’s right for you.
Whatever your ultimate goal is, Chase Bank (NYSE:JPM) offers several loan options to their clients based on financial situation, type of property and other considerations. The bank has made many loan tools available right on their website, including a mortgage calculator and a one click tool to find the closes Chase Bank mortgage agent to you.
Today the bank revealed their mortgage rates on to the public, which has shown no dramatic change from yesterday.
We start with the 30 year fixed loan interest rate which has been listed as 4.125%. The corresponding annual percentage rate (APR) held steady at 4.240% today.
The 15 year fixed rate sits at 3.250% with a matching 3.413% APR. There was no change expected for this fixed rate loan term, and the percentages reflected that.
ARM interest rates in the 7 year category are published as 3.500%, slightly higher than that of the 7 year APR which sits at 3.265% today.
Chase Bank is also reported the 5 year ARM category at a 2.875% with the APR being 2.963%.
Moving on to the 30 year fixed rate refinance, Chase has reported this rate at 4.375%, holding a 4.481% APR. In addition to that we see the 15 year refinance category holding strong at 3.250% with an APR of 3.413%.
In the ARM 7 year category, there is a 3.625% rate listed alongside the 3.314% APR.
Finishing off todays listings, the 5 year refinance ARM rate stands at 3.250% with a corresponding 3.084%.
The rates today were provided based on results on a $200,000 home purchased or refinanced in the state of Illinois. Because of this, you should seek out the guidance of a Chase mortgage specialist who can give you more accurate figures for the state in which you reside. Rates are subject to change at any time until your loan is finalized.
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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