For the mortgage loans, Chase Bank is one of the favorite choices for the people of United States. BOA has the history of providing wide range of mortgage plans at convenient interest rate. In the same series, it can be seen that the prestigious bank offered reasonable interest rate loans, today also, when compared with other giants of the same industry.
30-Year fixed rate mortgage can be taken at the interest rate of 4.250% with APR coming out to be 4.345%. For the 15-Year short term plan the bank lowered the interest rate and made it 3.375% and that affects the APR and made it 3.557%. 3.125% is the interest rate decided for the plan of 5-year ARM with 3.040% APR. For 7/1 ARM plan, one has to pay the interest rate of 3.625% with APR as 3.304%.
In refinance category, 30-Year fixed loans are available at the rate of 4.375% with 4.439% APR. Another popular loan in this category, that is, 15-Year FRM can be obtained after agreeing on the rates of 3.250% and annual percentage rate of 3.431%. 3.125% is the interest rate decided for the 5/1 adjustable rate mortgage plan which makes an APR of 3.030%. 3.500% is the rate published for 7-Year refinance category and annual percentage rate is calculated as 3.244%.
Interest rate for the 30-Year fixed rate mortgage plan, as quoted by SunTrust, Well Fargo and Chase banks, are 4.375%, 4.250% and 4.250% respectively. For the shorter 15-Year plan, SunTrust quoted the rate as 3.300% with Well Fargo offering it at the interest of 3.375%. Here Chase Bank interest rates matches with Well Fargo and both are offering at 3.375% interest rates. These interest rates depend on stock market and can be changed with time. It can be seen that the chase bank followed the results of DJIA completely.
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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