Mortgage Rates Midweek: Chase Bank Home Loans and Refinance Packages Retain Healthy Lead
In a time that has seen some of the most comprehensively low mortgage rates in the history of the US come our way, Chase Bank (NYSE:JPM) has maintained an impressive lead on countless occasions by undercutting some of the biggest banks and lenders operating today. Once again, for those opting to bank with SunTrust today, the home purchase deals are once again right at the top end of the ladder and represent some serious value for money.
In the case of the most popular new and used home purchase packages of all, the standard 30 year fixed rate deal can today be struck for 3.875% and an APR of 3.947%, while those looking for the shorter 15 year term will find it for an attractive 3.250% and APR amounting to 3.304%.
Of course, those preferring adjustable rates are far from left out of the party, with today bringing the Agency 7/1 ARM with a starting rate of 2.875% and an APR amounting to 3.201% variable, while the Agency 5/1 ARM on the other hand now begins at just 2.500% and APR of 3.111% variable.
In the case of the most popular refinance packages of all, today sees the standard 30 year fixed rate deal up for grabs at 4.125% and APR of 4.209%, while the shorter 15 year refinance package on the other hand can be taken out and locked in for 3.375% and APR of 3.520%
Of course, adjustable rate refinance deals are once again likely to be turning heads, with the likes of the 7/1 ARM being offered for as little as 3.125% and APR of 3.307% variable, while the shorter 5/1 ARM on the other hand now begins at just 2.750% and yields an APR of 3.188% variable.
Exactly how much longer the current run of value can continue remains impossible to predict, but for today at least the stage is once again set for a potential frenzy of savings and incredible value.
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