Chase bank has also presented their offer for the popular 30 year fixed rate mortgage, the said term have been announced to be available at the bank at an interest rate of 4.375% with an APR of 4.439%. The shorter term 15 year FRM is also available at 3.500 with an APR of 3.609%. Much shorter term and more flexible offers are also available through the 7 year adjustable rate mortgage which can be had at 3.750% with an APR of 3.385% and the 5 year ARM at 3.250% with an APR of 3.121%. For those who are looking to refinance their homes, the 30 year refinance is made available at 4.500% with an APR of 4.596%. The shorter term 15 year refinance is announced at 3.375% with an APR of 3.575. Shorter refinance rates are also available through the 7 year refinance which is priced at 3.750% with an APR of 3.385%. Last is the 5 year refinance at 3.500% with an APR of 3.199%.
Moving on to US Bank Corp’s offer, starting with the 30 year refinance at 4.250% with an APR of 4.463%, followed by the FHA’s version at 4.125% with an APR of 4.707%. The shorter term 15 year FRM is at 3.375% with an APR of 3.685%. FHA has theirs at 3.625% with an APR of 4.332%. The much shorter term of 10 year FRM is available at 3.125% with an APR of 3.625%. Last is the 5 year ARM at 2.375% with an APR of 3.163%.
Freddie Mac also released their 30 year FRM at 4.40%, their 15 year FRM is at 3.43%, the much shorter term of 5 year ARM is at 3.19%. The 1 year ARM is at 2.62%.
US Bank Corp holds the lowest quote for the 30 year FRM today, at 4.250%, lower than the 4.375 of Chase Bank and the 4.40 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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