Having a sudden increase today is Chase Bank’s offer of the 30 year fixed rate mortgage; it can be had at 4.500% with an annual percentage rate of 4.607%. Also available at the bank is the 15 year FRM at 3.875% with its equivalent APR of 4.003%. On the adjustable rate mortgage, the 7 year term can be had at 4.125% equaling to an APR of 3.574%, while the 5 year term can be had at 3.875% with an APR of 3.343%.
US Bank Corp offers their 30 year FRM today at 4.375% with an APR of 4.590%. While the interest rate for the shorter term of 15 year FRM is at 3.375% with an APR of 3.741%. The Bank also has a much shorter term of 10 years; the FRM for that term can be had at 3.125% with an APR of 3.667%. 5 year APR is also available at 2.375% with an APR of 3.163%.
Last to be looked at are the interest rates of Freddie Mac, the 30 year FRM is available at 4.310%. While the 15 year FRM is also made available today at 3.390%. A more flexible term of the 5 year ARM can be had at 3.160%.
Freddie Mac still holds the lowest interest rate today for the FRM of 30 years. It can be had at the bank for 4.310%, lower than Chase Bank’s 4.500% and US Bank Corp’s 4.375%. Moving on to the much shorter term of 15 year FRM, US Bank Corp holds the lowest interest rate this time. 15 year FRM at US Bank Corp can be had at 3.375%, slightly lower than that of Chase bank’s which is at 3.875% and Freddie Mac’s which is available today at 3.390%
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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