Mortgage rates on the cards at Chase Bank (NYSE:JPM) and SunTrust (NYSE:STI) are pretty much on a level pegging as both lenders continue to offer some of the most genuinely low-cost home purchase and refinance packages on the market today.
Standard 30 year fixed rate mortgages at Chase Bank (NYSE:JPM) can be had for 3.375% today with an APR of 3.455%. The short term, popular 15 year fixed rate mortgages are being offered for 2.875% at the bank and APR of 3.054% today.
As far as ARMs go, 5 year interest rates at Chase Bank are listed at 2.625% with a starting APR of 3.010%. ARMs in the 7 year category are published at 2.750% today with an APR of 3.013%.
The benchmark 30 year refinance FRMs at Chase Bank stand at 3.500% with an APR of 3.611% today. The short term 15 year refi FRM interest rates at the bank are available starting at 2.625% carrying an APR of 2.785% today.
The 5/1 ARMS at Chase Bank are on the books at 2.625% with a starting APR of 3.020%. 7/1 ARM interest rates have been quoted at 2.750% yielding an APR of 3.023%.
Standard 30 year fixed rate loans have been quoted at 3.400% at Suntrust Banks (NYSE:STI) today yielding an APR of 3.504%. The FHA version of the 30 year loans are available starting at 3.200% at the bank and an APR of 4.314%.
The shorter term 15 year fixed rate mortgages are being quoted at 2.800% carrying an APR of 2.981%.
As far as ARMs go, 5 year deals at Suntrust have been published at 2.300% with an APR of 2.939%. 7 year ARM interest rates are available starting at 2.400% currently with a starting APR of 2.917%.