Chase Bank (NYSE:JPM) has a very slight edge over PNC Bank (NYSE:PNC) today in terms of low home purchase mortgage rates, though the two continue to represent some of the best value to be found on the market as a whole.
The best 30 year loan deals stand at 3.375% at Chase Bank (NYSE:JPM) today and an APR of 3.475%. The shorter term 15 year loan interest rates have been offered at 2.875% and an APR of 3.054% today.
The 5/1 ARM interest rates are being offered for 2.625% at Chase yielding an APR of 3.031% at the beginning of the loan. The 7 year ARM loans have been quoted at 2.750% currently showing an APR of 3.024%.
30 year refinance loan deals at Chase stand at 3.625% carrying an APR of 3.686%. The shorter term, popular 15 year refinance FRM interest rates are available starting at 2.750% today with an APR of 2.857%.
5 year refinance Adjustable Rate Mortgages can be had for 2.500% at Chase. yielding an APR of 2.988%. 7 year refinance ARM loans have been listed at 2.625% currently yielding an APR of 2.986%.
The benchmark 30 year fixed rate mortgages start at 3.400% at SunTrust Bank (NYSE:STI) yielding an APR of 3.530%. The best 30 year FHA loan interest rates at the bank start at 3.200% yielding a bit higher APR than the conventional loan of 4.377%. The shorter term, popular 15 year FRM interest rates are published at 2.800% yielding an APR of 2.997%.
5/1 ARM loans can be had for 2.250% at Suntrust with an APR of 2.922% to start. The 7/1 Adjustable Rate Mortgages have been quoted at 2.400% today with a starting APR of 2.906%.