Mortgage Rates Today: Chase Bank Continue Run of Strong Purchase and Refinance Deals
Chase Bank (NYSE:JPM) is continuing its strong start to the week today, by offering a range of high value mortgage deals and packages for the purposes of both purchase and refinance. Like most other lenders, the rates are not quite as low as the rock-bottom records set over previous weeks, though still represent excellent value for money.
For those looking to purchase, the 30 year fixed term deal can today be taken out for 3.875% and an APR of 3.968%, while the 15 year alternative is now at 3.250% and an APR of 3.322%. With regard to adjustable terms, the 7/1 ARM for purchase is today at 2.875% and an APR amounting to 3.079%, while the 5/1 ARM alternative can be taken out for 2.375% and an APR of 2.954%.
Moving on to refinance deals, the 30 year fixed term loan is today being advertised or a low rate of 4.375% and a resulting APR of 4.471%, while the 15 year alternative is now at 3.625% and a 3.771% APR. The adjustable refinance terms include the 7/1 ARM which is now at 3.125% and an APR of 3.194%, while the 5/1 ARM can be taken out starting at 2.750% and an APR of 3.063%.
The minor upward movement has suggested that the golden period of low rates may soon be drawing to a close, therefore those looking for the best possible deals are advised to act now before the chance expires for good.
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