Chase Bank Continues Strong Run of Low Refinance and Purchase Rates Today
Chase Bank (NYSE:JPM) commenced the new week by offering borrowers a selection of excellent value mortgage package for both home purchases and refinances, with today looking to continue the trend once again.
Coming first to the home purchase deals being advertised by Chase, the popular 30 year fixed interest package can be locked in today for 4.000% and a resulting APR of 4.104%, while the alternative of the 15 year fixed rate deal can be taken home with an interest rate of 3.250% and APR amounting to 3.413%.
Adjustable terms for purchase include the 7/1 ARM which is today being advertised with a rate of 3.000% and APR figure of 3.176%, while the alternative of the 5/1 ARM can be taken out with a starting interest rate of 2.625% and APR of 3.055% variable.
Moving on now to the adjustable packages for Tuesdays morning, the popular 30 year fixed rate deal can be locked in with an interest rate of 4.375% and an APR figure of 4.471%, while the shorter 15 year deal is now at 3.625% and an APR of 3.753%.
Adjustable terms for refinances today include the 7/1 ARM which has a starting rate of 3.250% and APR of 3.273%, while the 5/1 ARM on the other hand is being offered for 2.750% and 3.089% APR variable.
The stage is therefore set for another week of excellent value mortgage packages, though whether the reaction of the borrower will be even remotely significant remains debatable at best.
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