Lower Mortgage Rates at JPMorgan Chase Bank on Wed Oct 8

Lower Mortgage Rates at JPMorgan Chase Bank on Wed Oct 8JPMorgan Chase Bank has updated its mortgage interest rates on Wednesday, with many rates moving lower for popular loan products. The New York-based lender has published the 30-year fixed loan at a significantly lower 3.875% with an APR of 3.989%. A 15-year loan is also quoted lower at 3.250% today with an APR of 3.431%.

Chase is offering the 5/1 adjustable rate mortgage with an interest rate of 3.125% for the first five years and an APR of 3.050% to start. A 7/1 ARM is quoted at 3.250% for the first seven years with an APR of 3.127%.

Refinance Rates at Chase

The rate for a 30-year refinance loan remains the same today at 4.125% with an APR of 4.177%. The best rate for a shorter 15-year fixed refi loan has moved significantly lower to 3.375% today with an APR of 3.520%.

Chase advertises the popular 5/1 refi ARM at 3.250% today for the first five years with an APR of 3.084% to start. The 7/1 adjustable rate mortgage is quoted at 3.375% for the first seven years with an APR of 3.185%.

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.

For comments and suggestions, leave a message in the comments section below. Like and Follow our Facebook page for more stories and to stay up-to-date with the latest happenings.

About the author

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