JPMorgan Chase has updated its mortgage interest rates for Friday, November 7. The best rate advertised for the standard 30-year fixed rate mortgage today is a 4.000% interest rate with an APR of 4.083% and 1.0 point. The shorter-term 15-year fixed loan is published at 3.250% with an APR of 3.394% and 1.0 point.
Buyers can enjoy greater flexibility by locking into a 5/1 adjustable rate mortgage today with an interest rate as low as 3.000% for the first five years and a corresponding APR of 2.914% to start. The 7/1 ARM is quoted at 3.250% today for the first 7 years with a starting APR of 3.069% and 1.125 points.
Refinance Rates at Chase
Refinance interest rates are edging higher at JPMorgan Chase. The standard 30-year refinance loan is quoted at 4.125% today with a 4.209% APR. Homeowners can refinance into the popular 15-year refi loan at 3.375% today with a 3.483% APR. For greater flexibility, Chase offers a 5/1 refinance ARM at 3.125% for the first five years with a 2.948% starting APR and 0.875 point. The 7/1 adjustable rate refinance is quoted at 3.375% for the first seven years with a 3.127% starting APR and 1.125 points.
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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