Chase is currently offering a 7/1 ARM with an interest rate of 3.375% for seven years with a corresponding APR of 3.185%. The quoted rate for a 5/1 adjustable rate mortgage is 3.250% with an APR of 3.094%.
Chase is currently offering jumbo loans at lower rates than conforming home loans. A 30-year jumbo loan is quoted at 4.00% with an APR of 4.176%, while the shorter-term 15-year jumbo mortgage is published at 3.250% and a 3.518% APR. A 7/1 jumbo ARM is published at 3.250% with an APR of 3.164%.
Refinance rates at Chase are similarly competitive. Homeowners can lock into a a 30-year fixed refinance loan at 4.250% with an APR of 4.334%. A 15-year refinance mortgage has a published rate of 3.500% with a 3.664% APR. Homeowners can also lock into a new adjustable rate mortgage. A 5/1 refinance ARM is quoted as low as 3.500% with an APR of 3.244% for five years, while the 7/1 refinance ARM has a published rate of 3.375% for seven years with a 3.128% APR.
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