Mortgage Interest Rates: Competitive Purchase and Refinance Packages at Chase Bank
Once again this Thursday morning, Chase Bank (NYSE:JPM) is offering a veritable catalogue of excellent value mortgage rates for both home purchase and refinance loans, with fixed and adjustable rates appearing equally attractive.
Looking first at the home purchase loans being advertised this Thursday morning, 30 year fixed rate contracts can be taken out at a rate of 4.000% and APR of 4.072%, while the 15 year fixed term deal on the other hand can be taken out for 3.250% and APR amounting to 3.394%.
The standard 7/1 ARM for purchase now rests at a starting rate of 3.000% and APR of 3.173% variable, while the 5/1 ARM is available starting at 2.625% and APR of 3.053% variable.
Moving on to the most attractive packages for refinance deals, the standard 30 year fixed term contract is at 4.250% and an APR of 4.345%, while 15 year deals can be locked in for 3.500% and APR amounting to 3.664%
The adjustable terms for refinance today include the always popular 7/1 ARM which now has a starting rate of 3.125% and APR of 3.231% variable, while 5/1 ARM deals are at 2.750% and APR amounting to 3.096% variable.
With minor rises expected in the very near future, borrowers are once again being advised to carefully consider their own terms, in relation to how much they could be saving by taking advantage of the current lows.
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