Mortgage Rates Today: Chase Bank Beginning Another Strong Week
The golden age of incredibly low mortgage rates had been predicted to have all but passed long before now, but as can be seen with the packages being offered by Chase Bank (NYSE:JPM) today, there is still very much the opportunity to lock in a great deal on both home purchase and refinance deals.
With regard to those looking into home purchase, 30 year fixed term deals can today be locked in with an interest rate of 4.000% and an APR of 4.062%, while the popular 15 year fixed term deal for purchases is at 3.250% with an APR of 3.376%. The 7/1 ARM for purchases is being advertised at a rate of 2.875% and an APR of 3.079%, while the alternative 5/1 ARM term can be taken out with an introductory interest rate of 2.375% and an APR of 2.954%.
Refinance deals also being advertised at attractive rates across the board, with the 30 year fixed term deal being offered for 4.500% and an APR of 4.575%, while the 15 year fixed term deal can be taken out for 3.750% and an APR of 3.897%. 7/1 ARM terms for refinance deals can be taken out beginning at 3.125% with an APR of 3.194%, while the 5/1 ARM is now available for 2.750% and a resulting APR of 3.063%.
There is simply no question as to the fact that the excellent deals of late will not be around forever, but with most recent rises having occurred in only the most fractional of figures, there is still plenty of opportunity for those wishing to find the best possible deal to do exactly that.
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