The benchmark 30 year FRMs have been offered at 3.625% at Chase Bank (NYSE:JPM) and an APR of 3.706% today. The short term, popular 15 year fixed rate mortgages at the bank are being quoted at 3.125% yielding an APR of 3.269%.
In the ARM arena, 5 year deals at Chase are published at 2.500% with a starting APR of 2.930% which will change as interest rates adjust. 7/1 ARM interest rates are published at 2.750% currently with a starting APR of 2.986%.
Standard 30 year refinance loans start at 3.625% at Chase with an APR of 3.737% today. Popular 15 year refinance fixed rate mortgages can be had for 2.875% and an APR of 3.000% today. The 5 year refi ARM deals at Chase stand at 2.625%. and the APR is 2.963%. ARM interest rates in the 7 year refi category can be had for 2.875% currently with a starting APR of 3.023%.