Chase Bank, a subsidiary of JP Morgan Chase & Co. (NYSE: JPM), reported no significant changes in their home purchase and refinance mortgage rates for today.
All the rates being published today operate under the assumption of “a loan amount of $215, 000,” and “the lender has excellent credit.” The lender would have to meet those requirements among others listed on Chase website.
When it comes to the 30 Year Fixed Rate Purchase Loan, borrowers can lock in a rate of 4.250% today. In correspondence, the APR (annual percentage rate) has been published at 4.334% today, which shows a very slight increase from Friday, October 11, 2013.
The best 15 Year Fixed Rate Purchase Loan can quote at a rate of 3.375% with an APR sitting at 3.502%. Neither of these figures is changed from last week.
The adjustable rate mortgage (ARM) loans offered by Chase Bank provide an increased flexibility, something that is preferred by many borrowers.
The published flexible 7/1 ARM for purchases is listed today at a rate of 3.625% and comes with an APR of 3.293%.
The 5/1 ARM has an interest rate of 3.000% with a corresponding APR variable of 2.996%.
The best 30 Year Fixed Refinances can be locked in today at 4.500%, with an APR of 4.575%. Both values experienced a slight increase from the last published rates.
Those who find the 15 Year Refinancing more tailored to their needs, can pick it up today with a rate of 3.375%, and an APR value of 3.520%.
Borrowers interested in the banks flexible refinancing options may find the 7/1 ARM value enticing at a rate of 3.750 %, with an APR sum of 3.353%.
The 5/1 ARM home refinance loan can expect a rate of 3.250% today, while the APR is set at 3.094%. Only the APR increased slightly today.
Any of the listed rates can change without notice so it is best to see the lender’s website for current purchase and refinance rate, or contact a Chase Bank loan officer directly.
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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