Current Mortgage Rates by Chase on 28th of July

Current Mortgage Rates by Chase on 28th of JulyChase Bank offered latest interest rates on the first day of the week on 28th July for their Fixed Rate and Adjustable Rate Mortgage Loans. For their two most popular loan categories, interest rates stayed same for both longer term 30 year and shorter term 15 year fixed rate loan.

The latest interest rate offered by the bank on 30 Year Fixed Rate Mortgage is 4.125% with a slight decline in an APR that comes out as 4.230%. For those who want a short term solution with lower interest rate, the bank offered 3.375% interest rate for 15 Year Fixed Rate Mortgage Loan along with an Annual Payment Rate of 3.250%. More details are shared below.

Conventional Fixed Mortgage Loans: Chase 28th July
30 Year Fixed: 4.125% Interest Rate 4.230% APR
15 Year Fixed: 3.375% Interest Rate 3.520% APR

The bank also issued 1.250 discount points for 30 Year Mortgage Loan and discount points of 1.000 for 15 Year Mortgage Loan.

For their second most popular category, Adjustable Rate Mortgage, latest interest rates also stayed same as of last week. For their 5/1 LIBOR ARM Loan, the bank issued an interest rate of 3.250% with a starting APR of 3.002 on 28th of July. Latest interest rate offered for their second product under ARM Loan category, 7/1 LIBOR ARM, is 3.375% that carries an APR rate of 3.117%. Read more about the rates for both products under the table below.

Adjustable Rate Mortgage Loans: Chase 28th July
5/1 LIBOR ARM: 3.250% Interest Rate 3.002% APR
7/1 LIBOR ARM: 3.375% Interest Rate 3.117% APR

Discount points for both 5/1 LIBOR ARM and 7/1 LIBOR ARM offered today are 1.000. JPMorgan Chase currently offers a conforming mortgage loan amount of $200,000 to $249,000 under the above loan categories.

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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About the author

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