Fixed rate mortgage at 30 years are made available at Chase Bank today. 30 year FRM can be had at 4.500% with a corresponding annual percentage rate of 4.575%. For a much shorter term, 15 year FRM is also available at 3.750%. Adjustable rate mortgages are also available today at the bank. The 7 year ARM is made available today at 4.125% with an APR of 3.574%, while the 5 year ARM can be had at 3.875% with an APR of 3.343%.
Refinance rates are also made available today. Starting at 4.500% for the 30 year refinance, and carrying with it an APR 4.575%. Followed by the 15 year refinance, which is at 3.500% with an APR of 3.591%. The 5 year refinance is available at 3.625% with an APR of 3.254%, while the 7 year refinance can be had at 3.750% with an APR of3.393%
US Bank Corp released their offer today of the 30 year FRM at 4.375% with an APR of 4.590. FHA also has theirs at 4.375% carrying an equivalent APR of 4.669%. For the 15 year FRM, it can be had at the bank at 3.375% with an APR of 3.741%. FHA has theirs at 3.625% with an APR of 4.332%. For the shorter term of the 10 year FRM, it can be had at 3.125 with an APR of 3.677%. The flexible 5 year ARM is made available at 2.375% with an APR of 3.168%.
The 30 year FRM of Freddie Mac is quoted today at 4.310% while the 15 year FRM is made available for 3.390%. Also available is the bank’s offer of 5 year ARM at 3.160%.
Freddie Mac still holds the lowest rate for the 30 year FRM quotes today. It can be had at 4.310% at Freddie Mac. Chase Bank and US Bank Corp have theirs at 4.500% and 4.375% respectively.
Disclaimer: The rates quoted above are basically the average advertised by a particular lending company. No guarantee of taken from the lender’ aspect whether the borrower will qualify for the mortgage rates mentioned in the article. The lenders dole out interest depending upon various facets, some of which may be unique to the borrower.
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