Chase Bank (NYSE:JPM) is still considerably ahead of GMAC today in terms of both home purchase and refinance mortgage rates, having seen few significant fluctuations over Christmas so far.
The benchmark 30 year fixed rate mortgages at GMAC Mortgage are coming out at 3.625% today and an APR of 3.651%. The VA 30 year fixed rate mortgages are 3.375% and an APR of 3.650%.
Popular 15 year loan interest rates start at 3.125% at the bank and APR of 3.136%.
As far as ARMs go, 5 year loans at GMAC have been quoted at 3.000% and the APR is 3.169%. 5/1 Jumbo ARM interest rates are coming out at 3.125% and an APR of 3.169%.
The benchmark 30 year refinance loan interest rates are published at 3.500% at GMAC and an APR of 3.577% today. The VA version of the 30 year refi loans start at 3.375% yielding an APR of 3.683%. Shorter term, popular 15 year refinance loans are published at 3.125% at the bank with an APR of 3.211%.
As far as ARMs go, 5 year refinance interest rates are on the books at 3.000% at GMAC. yielding an APR of 3.134% to start. The 5 year refi Jumbo Adjustable Rate Mortgages are available starting at 3.125% with an APR of 3.140%.
The best 30 year fixed rate mortgages at Chase Bank (NYSE:JPM) are being quoted at 3.375% with an APR of 3.455% today. Shorter term 15 year fixed rate mortgages are on the books at 2.875% carrying an APR of 3.018%.
In the ARM arena, 5 year loans at Chase have been published at 2.625% and an APR of 3.025%. 7/1 ARMs are coming out at 2.750% yielding an APR of 3.029%.
The benchmark 30 year refinance fixed rate loans are 3.500% at Chase and an APR of 3.581% today. The shorter term, popular 15 year refi loan deals have been listed at 2.500% today carrying an APR of 2.642%.
As far as ARMs go, 5 year refi interest rates have been published at 2.750% at Chase with an APR of 3.049%. ARMs in the 7 year refi category have been offered at 2.750% today with a starting APR of 3.039%.