Today, Chase Bank has released their quote for the 30 year fixed rate mortgage which was advertised to be available at the bank at an interest rate of 4.500% with an APR of 4.575%. This is closely followed by the 15 year FRM at 3.500% with an APR of 3.664%. Adjustable rates are also made available today starting with the 7 year adjustable rate mortgage made available at 4.375% with an APR of 3.687%, and ending with the 5 year ARM that is offered at 3.250% with an APR of 3.120%.
US Bank Corp will not be left out, the bank has also released their 30 year FRM which is quoted at 4.250% with an APR of 4.442%, while FHA offers theirs at 4.000% with an APR of 4.577%. Along with this category, the 30 year jumbo fixed rate is announced at 4.125% with an APR of 4.337%, along with the 30 year VA at 4.375% with an APR of 4.718%. Another term under the FRM category is the 15 year FRM that is made available today at 3.375% with an APR of 3.648%. Meanwhile, FHA has theirs at 3.500% with an APR of 4.205. As additional information, the bank has also released two more terms, the 10 year FRM which is available at 3.125% with an APR of 3.597%, and the 5 year ARM which can be had at an interest rate of 2.375% with an APR of 3.163%.
Last among this batch is the quotes of Freddie Mac, the bank has released four terms today, which are the 30 year FRM at 4.400%, followed by the 15 year FRM at 3.43%, and then the 5 year ARM at 3.19, and ended by the 1 year ARM at 2.62%.
The 30 year FRM is offered lowest in US Bank Corp today at 4.250% compared to the 4.500% of Chase Bank and the 4.400% 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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