While GMAC isn’t a million miles behind Chase Bank (NYSE:JPM) in terms of home purchase and refinance mortgage rates today, neither lender has a decisive market lead in the face of super lows from PHH Mortgage and Wells Fargo (NYSE:WFC).
The benchmark 30 year fixed rate loans at GMAC Mortgage have been offered at 3.625% today yielding an APR of 3.651%. 30 year VA FRMs are coming out at 3.375% carrying an APR of 3.650%.
Popular 15 year loans have been listed at 3.125% carrying an APR of 3.136%.
In the ARM arena, 5 year interest rates at GMAC Mortgage are coming out at 3.000% and the APR is 3.169%. The 5/1 Jumbo Adjustable Rate Mortgages are 3.125% showing an APR of 3.169%.
30 year refinance loan interest rates at GMAC Mortgage have been listed at 3.500% and an APR of 3.577%. VA 30 year refi fixed rate mortgages are available starting at 3.375% and APR of 3.683%. The shorter term, popular 15 year refi fixed rate mortgages have been published at 3.125% today carrying an APR of 3.211%.
5/1 ARMs stand at 3.000% at GMAC Mortgage with an APR of 3.134%. The 5/1 refi Jumbo ARM deals have been listed at 3.125% with a starting APR of 3.140%.
The benchmark 30 year fixed rate loans have been quoted at 3.375% at Chase Bank (NYSE:JPM) and APR of 3.455%. The shorter term 15 year fixed rate loans are 2.875% at the bank today with an APR of 3.018%.
ARMs in the 5 year category have been listed at 2.625% at Chase and an APR of 3.025%. ARMs and their APRs change as interest rates move up and down. 7 year ARMs are listed at 2.750% today showing an APR of 3.029%.
The best 30 year refinance loan deals at Chase are published at 3.500% and an APR of 3.581% today. Popular 15 year refi loans are listed at 2.500% at the bank today and an APR of 2.642%. In the ARM arena, 5 year refinance loans at Chase Bank are listed at 2.750%. yielding an APR of 3.049% to start.
The 7/1 Adjustable Rate Mortgage interest rates have been listed at 2.750% today with a starting APR of 3.039%.