Chase Bank (NYSE: JPM) provides various mortgage loan packages for qualified borrowers in the United States. Potential borrowers must have strong credit standing and be willing to pay 1.00% of the total loan amount in origination fees to the lender in order to be able to obtain a mortgage loan. The financial institution’s updated mortgage interest rates, valid for December 5, 2014, can be found below.
As far as fixed home purchase loans are concerned, the standard 30-year mortgage is listed at a rate of 4.000% and the package bears an annual percentage rate of 4.062% as of Friday. The shorter-term, 15-year fixed rate mortgage is on the books at 3.375% and it’s coupled with an APR figure of 3.502%.
The updated loan information revealed, that the 7/1 ARM is now available at a rate of 3.250% and it features 3.137% by way of APR. Borrowers, who believe the 5/1 adjustable rate home loan fits the bill better, can expect to pay 3.125% interest cost. This flexible mortgage loan has an annual percentage rate of 3.030%.
Those considering to refinance with one of Chase’s favorable refinance loan, will see several attractive mortgage packages on offer. One of the more popular loans is the standard 30-year mortgage, which starts at a rate of 4.000% and comes with an annual percentage rate of 4.125%. In case of the 15-year fixed rate mortgage, the current mortgage rate hovers at 3.375%. The loan’s annual percentage is coming out at 3.538%.
Additionally, Chase’s refinance loan program includes more flexible loan options as well. One of them is the 7/1 ARM, which can be secured this Friday at a rate of 3.375% and it has an APR sum of 3.185%. Those who prefer the 5-year adjustable rate mortgage, will see this type of mortgage loan being traded at a rate of 3.125%. As far as the corresponding APR is concerned, it’s quoted at 3.050%.
Take note, that the mortgage rate quotes given are liable to change without notice and can vary when the loan is approved or the funds are disbursed. Get in touch with a loan officer in charge or visit the financial institution’s website for more information on the most up-to-date mortgage rates.