Tuesday Mortgage Rates at Chase Bank
Chase Bank (NYSE:JPM) has once again started the week off by offering some of the lowest mortgage rates seen in decades and the trend looks set to continue across all major US lenders for quite some time to come.
For those looking into the purchase options to make use of the abundant record lows, 30 year fixed term deals can today be taken out for 3.875% with an APR of 3.989%, while the popular 15 year fixed rate term is being advertised for 3.375% with a resulting APR of 3.483%.
7/1 ARM terms are today being advertised for 2.625% with a starting APR of 2.973, while the 5/1 ARM is at an attractive 2.375% with an APR of 2.919%.
There has also never been a better time to save a small fortune with a refinancing agreement, with 30 year fixed terms being offered today at 4.500% with an APR of 4.585%, while 15 year terms are at 4.000% with a resulting APR of 4.184%.
7/1 ARM agreements for refinance are now at 3.000% and 3.116% APR to begin, while the 5/1 ARM is today at 2.625% with an APR of 3.005%.
Despite the fact that the proverbial pickings have never been richer, data released for the month of August has revealed that interest in the housing market be consumers has continued to decrease and shows little sign of improving in the near future.
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