Neither Chase Bank (NYSE:JPM) nor GMAC has so far been able to take a decisive lead over the lending market this week, with both once again offering home purchase and refinance mortgage rates of moderate value today.
The benchmark 30 year FRMs are listed at 3.625% at GMAC Mortgage with an APR of 3.641% today. The VA 30 year loans have been listed at 3.250% with an APR of 3.533%.
The shorter term, popular 15 year fixed rate loan interest rates are on the books at 3.000% today yielding an APR of 3.065%.
The 5 year ARM interest rates are available starting at 3.000% at GMAC Mortgage with a starting APR of 3.183%. The 5/1 Jumbo ARM interest rates are available starting at 3.250% yielding an APR of 3.183%.
The best 30 year refinance fixed rate loan interest rates are coming out at 3.500% at GMAC Mortgage and an APR of 3.567%. VA 30 year refi FRMs have been quoted at 3.250% and APR of 3.566%. The short term 15 year refinance fixed rate mortgages have been offered at 3.000% with an APR of 3.139% today.
The 5/1 ARM loans have been offered at 3.000% at GMAC Mortgage with an APR of 3.124%. The 5 year refi Jumbo ARM deals have been quoted at 3.000% with a starting APR of 3.096%.
The benchmark 30 year loan interest rates are published at 3.375% at Chase Bank (NYSE:JPM) today yielding an APR of 3.435%. The short term, popular 15 year FRM interest rates have been offered at 3.000% carrying an APR of 3.107% today.
In the ARM arena, 5 year loans at Chase Bank are on the books at 2.750% with an APR of 3.063%. The 7/1 ARMS are being offered for 2.875% currently with an APR of 3.070% to start.
Standard 30 year refinance loans at Chase Bank are being quoted at 3.500% and an APR of 3.591%. Popular 15 year refi fixed rate mortgage interest rates have been quoted at 2.625% and an APR of 2.767%.
As far as ARMs go, 5 year refi deals are published at 2.750% at Chase Bank and the APR is 3.073%. ARM interest rates in the 7 year refinance category are on the books at 2.875% today and APR of 3.080%.