Mortgage Rates Today: Chase 30 Year Mortgage at 3.75%
Chase Bank (NYSE:JPM) is today offering a wide selection of high quality and high value mortgage products across it ranges, providing homeowners and potential buyers across the country the perfect opportunity to save huge amounts of money across the lengths of their terms.
With regard to purchase options, those interested in the popular 30 year fixed term deal can expect to attract an interest rate of 3.750% with a resulting APR of 3.863%, while those looking for the shorter 15 year term can expect to secure theirs for 3.250% with a resulting APR of 3.322%. 7/1 ARM deals can be taken with a starting interest rate of 2.500%, while the 5/1ARM is today being offered at 2.844%.
For those considering taking advantage by way of a new refinancing deal, 30 year fixed terms are today being offered at 4.375% with a resulting APR of 4.460%, while the 15 year fixed refinance deal is being advertised at 3.875% with an APR of 4.022%. 7/1 ARM deals for refine are now resting at 2.750% to start, while the 5/1 ARM has an introductory rate of 2.500%.
The recent surge in refinance activity across the US seems to have tapered off somewhat over the past weeks, perhaps less as a result of dwindling interest from consumers and more attributed to stringent entry criteria excluding so many from consideration.
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