Mortgage Rates Today: Chase Bank Weekend Deals Holding Steady from Weekly Average
Chase Bank (NYSE:JPM) is today offering a wide selection of superb, high-value mortgage deals as we head into the weekend, though whether any low rates prove enough to stem the time of diminishing consumer interest remains to be seen.
With regard to mortgages for the purposes of new or used home purchase, 30 year fixed term deals can today be taken out with Chase at a rate of 4.000% yielding an APR of 4.062%, while the 15 year fixed rate deal is today being advertised for 3.250% with an APR of 3.376%.
The 7/1 ARM term for home purchase is now at a level of 2.875% with and APR of 3.079%, while the 5/1 ARM alternative is at 2.375% and a 2.954% APR.
For those looking to secure an excellent refinance deal, there is still time to do exactly that, with the 30 year fixed term agreement being made available for 4.500% and an APR of 4.575%, while the 15 year alternative on the other hand is now at 3.750% and an APR of 3.897%
7/1 ARM terms are also available for refinances, attracting and introductory interest rate of 3.125% and an APR of 3.194%, while the 5/1 ARM for refinance is today at 2.750% with a resulting APR of 3.063%.
Another week of disappointing activity across all popular mortgage products has once again led to many wondering exactly what it will take to turn the market around in the absence of a divine miracle.
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