The 30 year fixed rate mortgage that is popular to those looking to purchase a home is released today by Chase Bank; it is announced to be available at an interest rate of 4.625% with an annual percentage rate of 4.700%. This is closely followed by the bank’s offer for the 15 year FRM at 3.625% with an APR of 3.789%. In contrast to these rates, flexible rates are available by means of the 7 year adjustable rate mortgage that is made available at an interest rate of 4.500% with an APR 3.748%, and the 5 year ARM that is made available at 3.500% with an APR of 3.199%.
Moving on to US Bank Corp’s offered rates, it can be seen that the popular 30 year FRM is being offered by the bank at an interest rate of 4.250% with an APR of 4.442%. FHA has theirs at 4.000% with an APR of 4.577%. Also available is the 30 year jumbo fixed rate that is made available at the bank today at 4.125% with an APR of 4.337%. Also available is the 15 year FRM from the bank; it can be had at 3.375% with an APR of 3.648%. FHA has theirs at 3.500% with an APR of 4.205%. Last among the bank’s rate is the flexible term of 5 year ARM, this term is reported to be available at the bank at an interest rate of 2.375% with an APR of 3.163%.
Freddie Mac has released four terms today; starting with the 30 year FRM that can be had at the bank at an interest rate of 4.40%, this is followed by the 15 year FRM at 3.49%, and then the 5 year ARM at 3.25% and the 1 year ARM at 2.67%.
US Bank Corp holds today’s lowest offer for the 30 year FRM which is at 4.250% compared to Chase Bank’s 4.625% and Freddie Mac’s 4.40%.
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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