Chase Bank (NYSE:JPM) has taken a decisive lead over much of the US lending market today with a couple of minor slides that has seen home purchase and mortgage rates dip to their lowest levels of the week so far. However, this could all change in the course of the next 24 hours, therefore those looking to take advantage are advised to do so sooner rather than later.
Home purchase mortgage rates first and this Thursday sees Chase Bank offering the standard 30 year fixed rate home loan for 3.125% and APR of 3.194%, while those opting for the shorter 15 year variant can expect to pay 2.625% in interest and an APR of 2.956%.
With regard to the day’s most notable home refinance mortgage rates, the standard 7/1 ARM from Chase is on the books for 2.625% to begin and APR of 2.956% variable, while the 5/1 ARM represents superb value for money at 2.375% to start and with an APR amounting to 2.944% variable.
Turning attention to refinance mortgage rates now and today sees the Chase Bank 30 year fixed rate package up for grabs for 3.375% and APR of 3.485%, while the 15 year variant remains superbly low at 2.625% and APR of 2.731%.
For those looking to refinance with an adjustable rate package, the 7/1 ARM is on the books today starting at 2.875% and with an APR of 3.070% variable, while the popular 5/1 ARM can be taken home from 2.750% to begin and APR of 3.063% variable