There is very little diversity in mortgage rate quotes today among the big banks.
Standard 30 year FRM interest rates stand at 3.625% at Chase Bank (NYSE:JPM) today with an APR of 3.737%. The short term 15 year fixed rate loan interest rates are on the books at 3.125% and APR of 3.287%.
The 5/1 ARM deals at Chase are being offered for 2.625% yielding an APR of 2.973% at the beginning of the loan. ARM loans in the 7 year category are 2.875% currently with an APR of 3.033%.
The benchmark 30 year refinance fixed rate loans are coming out at 3.750% at Chase carrying an APR of 3.832%. Shorter term 15 year refi loan interest rates at the bank are being offered for 2.875% carrying an APR of 3.018% today. The 5 year refinance ARM interest rates at Chase are published at 2.750%. and APR of 3.006%. 7/1 ARM interest rates are available starting at 2.875% with a starting APR of 3.043%.