Mortgage rates at GMAC and Chase Bank (NYSE:JPM) today are pretty much neck and neck in terms of overall value for money, though both continue to lag behind market-leaders including Wells Fargo (NYSE:WFC) and Bank of America (NYSE:BAC).
The best 30 year loan interest rates at GMAC Mortgage are being offered for 3.625% today yielding an APR of 3.661%. The VA version of the 30 year loans are listed at 3.375% yielding an APR of 3.671%.
The shorter term 15 year fixed rate mortgage interest rates start at 3.125% and an APR of 3.172%.
ARM interest rates in the 5 year category have been published at 3.000% at GMAC with an APR of 3.183% to start. The 5/1 Jumbo ARM interest rates stand at 3.250% and APR of 3.183%.
30 year refinance loan interest rates at GMAC are listed at 3.500% and an APR of 3.587%. The VA 30 year refi loan deals can be had for 3.375% and an APR of 3.704%. The shorter term, popular 15 year refinance loans have been quoted at 3.125% at the bank and APR of 3.247%.
5/1 ARMs at GMAC are being quoted at 3.000% and APR of 3.114%. The 5/1 refi Jumbo Adjustable Rate Mortgage interest rates start at 3.000% showing an APR of 3.096%.
30 year fixed rate mortgages at Chase Bank (NYSE:JPM) are being quoted at 3.375% with an APR of 3.475% today. The shorter term, popular 15 year fixed rate loans are available starting at 2.875% at the bank yielding an APR of 3.054% today.
As far as ARMs go, 5 year loans at Chase are listed at 2.625% and APR of 3.031%. The 7 year ARMs have been listed at 2.750% currently yielding an APR of 3.034% to start.
Standard 30 year refinance fixed rate mortgage interest rates at Chase can be had for 3.625% today carrying an APR of 3.686%.
The shorter term, popular 15 year refi fixed rate loans are on the books at 2.750% at the bank and an APR of 2.857% today. In the ARM arena, 5 year refi loans have been published at 2.625% at Chase and an APR of 3.012%.
7 year refi ARM loans are listed at 2.750% yielding an APR of 3.014% to start.