The benchmark 30 year fixed rate mortgages are coming out at 3.625% at Chase Bank (NYSE:JPM) today yielding an APR of 3.706%. The short term 15 year loan interest rates are listed at 3.125% yielding an APR of 3.269%.
ARM loans in the 5 year category are published at 2.500% at Chase with an APR of 2.930%. ARM interest rates in the 7 year category have been listed at 2.750% today with an APR of 2.986%.
The benchmark 30 year refinance loan interest rates start at 3.625% at Chase and an APR of 3.737% today. The short term, popular 15 year refinance loan deals at the bank can be had for 2.875% today carrying an APR of 3.000%. The 5/1 ARM deals at Chase start at 2.625%. yielding an APR of 2.963%. The 7 year refinance ARM deals have been quoted at 2.875% with an APR of 3.023%.