Chase Bank has started the day by releasing their offer for the mortgage rate interest rates starting off with the 30 year fixed rate mortgage which can be had at 4.500% with an annual percentage rate of 4.585%. Next is the bank’s offer for the 15 year FRM which is made available today at 3.500% with an APR of 3.682%. For the adjustable rate category, the 7 year adjustable rate mortgage is available at 3.875% with an APR of 3.459%. The 5 year ARM is made available today at 3.625% with an APR of 3.248%.
Moving on to the next bank which is the US Bank Corp. The bank have also released their share of interest rates quote today, also starting with the 30 year FRM at 4.375% with an APR of 4.590%. FHA has theirs at 4.375% with an APR of 4.879%. For the shorter term 15 year FRM, the rate today is at 3.375% with an APR of 3.741%. Meanwhile, FHA has theirs at 3.750% with an APR of 4.312%. A much shorter term of 10 year FRM is also made available today at the bank for 3.125% along with its equivalent APR of 3.704%. One term is also offered today in the category of adjustable terms, the 5 year ARM is available at 2.375% with an APR of 3.163%
The last bank in the list is Freddie Mac, the bank releases their quotes for the interest rates in a weekly basis, so the rate today do not differ from the rates yesterday which is at 4.31% for the 30 year FRM, 3.39% for the 15 year FRM, and 3.16% for the 5 year ARM.
Freddie Mac still holds the lowest 30 year FRM offer among the three banks. Their offer of 4.31% is much lower than that of Chase Bank’s and US Bank Corp’s.
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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