The benchmark 30 year FRMs are coming out at 3.625% at Chase Bank (NYSE:JPM) carrying an APR of 3.676% today. The short term, popular 15 year loan deals stand at 3.125% at the bank today yielding an APR of 3.287%.
The 5/1 ARMS at Chase are being offered for 2.625% and APR of 2.980%. 7 year Adjustable Rate Mortgages have been offered at 2.750% currently and an APR of 3.009%.
The benchmark 30 year refinance fixed rate loans are 3.625% at Chase and APR of 3.737% today. The shorter term, popular 15 year refinance fixed rate mortgages are on the books at 2.875% at the bank today and an APR of 3.018%. 5/1 ARMs at Chase Bank can be had for 2.750%. yielding an APR of 3.023% to start. ARM loans in the 7 year refi category have been listed at 2.875% and APR of 3.057%.