Before sharing the mortgage rates for today by Chase, let us share good news for borrowers from the last week. According to the market figures shared by Freddie Mac from last week, average US mortgage rates continue to decline with a slight dip noticed for average rates shared by US leading lenders.
The rates are now touching the historic lows that make it an ideal time period for borrowers. Today’s mortgage rates shared by most of the banks also indicates that the trend may continue this week.
Last week rates dipped to the lowest point of 4.13% for 30 year loan while for 15 year mortgage loans, the rate dips to a new low of 3.23% that is 0.01% lower than the week earlier.
Enough from the last week, following are the rates published by Chase on the first day of this week. For the 30 Years Fixed Rate Mortgage Loans, the interest rate shared this Monday is 4.124% with an APR of 4.209% along with 1.000 points. This makes it a monthly payment of $1,402 for a total of 359 months. Similarly, for a popular borrower option, 15 Years Fixed Rate Mortgage Loans, the bank published 3.250% of interest rate along with 1.250 points and an APR of 3.431%. Those interested to borrow on the mentioned rate can pay a monthly installment of $1,510.74 for a total of 179 months.
Rates published by the Chase for the Adjustable Rate Loans remain almost same as of last week. For 7/1 LIBOR ARM, the bank offers 3.375% interest rate with 0.875 discount points and an APR rate of 3.107%. This makes it a total of $950.51 as a monthly payment for the first 84 months. For the second borrower option of 5/1 LIBOR ARM Mortgage Loans, the published rates are lower. For Monday, 21st July, the interest rate for 5/1 LIBOR ARM is 3.250% by Chase bank along with 2.992% of APR rate. Discount points offered for the loan is 0.875. This means that borrowers have to pay a monthly installment of $935.69 for a total of first 60 months.
Disclaimer: The advertised rates were submitted by each individual lender/broker on the date indicated. Rate/APR terms offered by advertisers may differ from those listed above based on the creditworthiness of the borrower and other differences between an individual loan and the loan criteria used for the quotes.
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