As was the case over much of the weekend, GMAC continues to trail slightly behind Chase Bank (NYSE:JPM) this Monday morning, though slight upticks have seen the gap closing once again.
Standard 30 year loan interest rates are 3.625% at GMAC Mortgage today with an APR of 3.651%. The VA 30 year loan deals are 3.375% with an APR of 3.650%.
15 year loans start at 3.000% today with an APR of 3.065%.
In the ARM arena, 5 year deals are 3.000% at GMAC Mortgage yielding an APR of 3.183% at the beginning of the loan. The 5 year Jumbo ARM loans have been offered at 3.250% showing an APR of 3.183%.
The best 30 year refinance fixed rate loan interest rates can be had for 3.500% at GMAC Mortgage carrying an APR of 3.567%. VA 30 year refi fixed rate mortgages are 3.375% with an APR of 3.683%. The short term, popular 15 year refinance loan interest rates are being quoted at 3.000% with an APR of 3.139% today.
The 5/1 Adjustable Rate Mortgage interest rates at GMAC have been quoted at 3.000%. yielding an APR of 3.114% to start. Refi Jumbo ARM interest rates in the 5 year category start at 3.000% carrying an APR of 3.096%.
Standard 30 year fixed rate mortgages stand at 3.375% at Chase Bank (NYSE:JPM) with an APR of 3.455%. The short term, popular 15 year loan interest rates at the bank are available starting at 2.875% and an APR of 3.036%.
As far as ARMs go, 5 year interest rates can be had for 2.500% at Chase yielding an APR of 2.978% at present. The 7/1 ARM deals start at 2.625% and the APR is 2.977%.
The best 30 year refinance fixed rate loans at Chase are being quoted at 3.500% yielding an APR of 3.591%. Shorter term, popular 15 year refinance loan deals at the bank are coming out at 2.625% today carrying an APR of 2.785%.
5/1 ARM loans have been quoted at 2.500% at Chase and the APR is 2.988%. 7 year refinance ARM loans are available starting at 2.625% today yielding an APR of 2.986%.