Today, Chase Bank’s offer of the 30 year fixed rate mortgage is offered at 4.500%, its corresponding annual percentage rate slightly decreased at 4.575%. 15 year FRMs are also available and can be had at 3.750% with an APR of 3.915%. Adjustable rate mortgages are made available today in 5 years and 7 years term. The 5 year ARM is at 3.875% with an APR of 3.875%, while the 7 year ARM is at 4.125% with an APR of 3.574%. Refinance options are also available in this bank; the 30 year refinance can be had at 4.500% with an APR of 4.607, while the 15 year refinance can be had at 3.500% with an APR of 3.591%.
US Bank Corp also released the quote for the 30 year FRM today; it can be had at 4.375% with an APR of 4.590%. FHA has theirs at 4.375% with an APR of 4.969%. Quotes for the shorter term 15 year FRM are also presented today; it is at 3.375% with an APR of 3.741%. FHA has theirs at 3.625% with an APR of 4.332%. For the much shorter term, 10 year FRM is made available today at 3.125% with an APR of 3.677%.
Freddie Mac’s offer of the 30 year FRM is at 4.310%. For the shorter term of FRM, they also offer it at 15 years. Their offer is at 3.390% which is unchanged from last Saturday. Also remaining unchanged today is the bank’s offer for their 5 year ARM, which remains at 3.160%.
Among the three banks, Freddie Mac holds today’s lowest interest rate offer in the 30 year FRM category, it can be had at the bank at 4.310%, lower than Chase Bank’s 4.500% and US Bank Corp’s 4.375%. Regarding the 15 year FRM category, Chase bank holds the lowest rate this time. It can be had at 3.750%, slightly lower than the 3.375% of US Bank Corp and 3.390% of Freddie Mac.
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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