Current Mortgage Rates: Chase Bank Home Purchase and Refinance Deals Among Market Best
As has cone to be the expected way of things lately, Chase Bank (NYSE:JPM) has begun this Tuesday morning by offering a range of superbly competitive mortgage deals for home purchase and refinance purposes, which seem to be edging ever closer to the all time record lows hit during early October.
In the case of the home purchase deals of particular interest today, Chase is offering the standard 30 year fixed rate package for 4.125% and APR amounting to 4.198%, while shorter 15 year deals can be locked in for 3.375% and APR amounting to 3.483%
Adjustable terms for home purchase are once again on course for an excellent day, with the 7/1 ARM being offered for 3.000% to begin and an APR of 3.181% variable, while the 5/1 ARM on the other hand today starts at 2.500% and APR of 3.051% variable.
Refinance packages are of course offering equally striking value for money, with the likes of the 30 year fixed rate loan up for grabs at 4.250% and APR of 4.345%, while 15 year loans can see balances cleared for 3.500% and APR amounting to 3.646%.
Adjustable rate refinance loans likely to be turning heads today include the excellent 7/1 ARM at a rate of 3.000% and APR amounting to 3.181% variable, while the shorter 5/1 ARM is also an excellent choice at 2.500% to begin and APR of 3.051%.
Despite the fact that the current run of incredibly low mortgage rates seems to be going on forever, potential borrowers are being reminded that such is simply an impossibility, though when and where the incredible value will eventually come to an end remains open to opinion.
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