Mortgage Rates Today: Chase Bank Continues Strong Week of Home Purchase and Refinance Deals
Chase Bank (NYSE:JPM) is today continuing a particularly strong and confident run, offering a range of competitive mortgage deals for refinances and home purchases which are in line with or below both national averages and those of competing lenders across the nation.
First looking into the mortgage packages for new and used home purchases, Chase is today offering the standard 30 year fixed term package for 4.250% and an APR amounting to 4.324%, while the 15 year fixed term deal can be locked in for 3.375% and an APR of 3.538%.
The 7/1 ARM for purchases can be taken out starting at 3.000% and an APR amounting to 3.167%, while the popular 5/1 ARM is being advertised for a starting rate of 2.500% and an APR figure of 3.021% variable.
In the case of the refinance agreements being offered by Chase this Thursdays, the standard 30 year fixed term package is being offered at a rate of 4.375% and a resulting APR of 4.481%, while the always popular 15 year fixed term deal is now at 3.625% and an APR amounting to 3.789%.
7/1 ARM deals are available beginning at 3.125% and a 3.224% APR for refinances, while the 5/1 ARM is being advertised as starting at 2.625% and a resulting APR amounting to 3.064%.
As can be seen, there is still plenty of opportunity for purchase and refinance customers to lock in a great deal, but with more minor rises expected in the days and weeks to come, those on the fence are once again being advised to act now and avoid paying over the odds later.
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