Chase Bank (NYSE: JPM) provides various home purchase and refinance mortgage loans for borrowers in the U.S.. Individuals must have strong credit standing and be willing to pay 1.00% of the total loan amount in origination fees to the bank in order to secure a mortgage at this financial institution. The latest mortgage interest rates, published for March 23, 2014, can be found below.
Looking at current mortgage rates quotes, the standard 30-year fixed home purchase loan is listed at a rate of 4.500%. The annual percentage rate (APR), which shows the interest and other costs of the mortgage at a yearly rate, is published at 4.553%. Borrowers, who believe the 15-year fixed rate loan fits the bill better, can expect to pay 3.625% interest cost. The loan’s APR is set at 3.734%.
Among Chase’s home purchase mortgage plans, there are loans that come with more interest rate flexibility. These type of mortgage loans have a fixed interest rate period, after which the mortgage rate is adjusted to reflect current market rates until the loan’s maturity.
At this lender the 7/1 adjustable rate home loan starts at a lending rate of 3.500% and it features an APR of 3.176%. Individuals, who decide who opt for the 5/1 ARM, will see it being advertised today at 3.250% and an annual percentage rate of 3.002% rounds out the package.
Mortgage shoppers who are more interested in current refinance options, can find a number of options at this lender, including the 30-year fixed FRM, which is quoted at 4.625% and comes with an APR of 4.689%. On the other hand, the 15-year refinance loan is up for grabs at an interest cost equivalent to 3.625% and bears an APR sum of 3.753% according to the latest data.
Chase’s flexible ARM loans can also be used to refinance existing mortgages. Currently, the starting rate on the 7/1 adjustable rate loan is coming out at 3.625%. The corresponding APR is 3.225%. Borrowers, who favor the 5/1 adjustable rate mortgage, will see this type of loan carrying 3.375% interest cost. The loan’s annual percentage rate stands at 3.036%.
Bear in mind, that the mortgage interest rate quotes given are liable to change without notice and can vary when the loan is approved or the funds are disbursed. Contact the loan officer in charge or check the bank’s website for more information on today’s mortgage rates.