The benchmark 30 year loan deals have been offered at 3.625% at Chase Bank (NYSE:JPM) and an APR of 3.706% today. The shorter term, popular 15 year fixed rate loans at the bank start at 3.125% with an APR of 3.269% today.
5 year Adjustable Rate Mortgages are 2.500% at Chase and the APR is 2.930% on initial purchase. The 7 year ARM interest rates have been quoted at 2.750% currently yielding an APR of 2.986% to start.
30 year refinance loan interest rates at Chase are coming out at 3.625% carrying an APR of 3.737%. The short term 15 year refi loan interest rates have been offered at 2.875% with an APR of 3.000%. The 5 year refinance ARM deals at Chase start at 2.625%. with a starting APR of 2.963%. The 7/1 ARM deals have been offered at 2.875% currently showing an APR of 3.023%.