Chase Bank Midweek Deals For Refinance and Home Purchase Mortgage Rates Holding Firm
Chase Bank (NYSE:JPM) has so far spent the week offering truly competitive deals for both home purchase and refinance mortgage packages, with exactly the same proving true this Wednesday morning.
First focusing on the deals available for home purchase, 30 year fixed term contracts are today being offered for 3.875% and an APR sum of 3.957%, while the 15 year purchase deal can be locked in for 3.250% and APR amounting to 3.376%.
The 7/1 ARM for purchases is being advertised with a starting rate of 3.000% and an APR figure of 3.173%, while 5/1 ARM purchase deals can be taken home for 2.500% and an APR of 3.030% variable.
Now looking at the options available for refinance mortgages, the 30 year fixed rate deal can be locked in for a rate of 4.125% and APR of 4.219%, while 15 year packages are being advertised for 3.500% and APR of 3.646%
Adjustable refinance terms include the 7/1 ARM which now has a starting rate of 3.125% and APR amounting to 3.231%, while the 5/1 on the other hand is now at 2.625% and 3.073% APR variable.
Despite the excellent deals across the board, the stage is once again set for a lackluster week for overall mortgage activity in the case of all major US lenders.
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