Earlier today, Chase Bank has released their standard daily publication of the interest rates of mortgage deals that are made available at their bank starting with the 30 year FRM that is quoted at 4.250% with an APR of 4.356%. The shorter term of 15 year FRM in the meantime is offered at 3.500% with an APR of 3.609%. Adjustable rates are also available by means of the 7 year adjustable rate mortgage published at 3.750% with an APR 3.385% and the 5 year ARM at 3.250% with an APR of 3.121%. Refinance rates are also made available at the bank starting with the 30 year refinance at 4.500% with an APR of 4.607%, followed by the 15 year refinance at 3.500% with an APR of 3.609%. Next is the 7 year refinance listed at 3.875% with an APR of 3.445% and the 5 year refinance available at 3.250% with an APR of 3.244%.
Moving on to the quotes of US Bank Corp including the 30 year FRM which is quoted at 4.250% with an APR of 4.442%. FHA has theirs at 4.000% with an APR of 4.577%. Also available is the 20 year FRM at 4.125% with an APR of 3.648%. FHA also released theirs at 3.500% with an APR of 4.205%. For the much shorter deal of 10 year FRM, the bank also made available at 3.125% with an APR of 3.597%. Adjustable rate by means of 5 year ARM is also offered at 2.375% with an APR 3.163%.
Last are Freddie Mac’s quotes starting at the 30 year FRM at 4.40%, followed by the 15 year FRM at 3.43%. Also available is the 5 year ARM at 3.19% and the 1 year ARM at 2.62%.
Chase Bank and US Bank Corp both hold the lowest quote for the 30 year FRM compared to the 4.40 quote 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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