The benchmark 30 year loan deals at Chase Bank (NYSE:JPM) are being quoted at 4.500% today carrying an APR of 4.553%. The short term, popular 15 year fixed rate loans at the bank are being offered for 3.625% and APR of 3.771%.
The 5/1 ARM loans at Chase Bank are available starting at 3.375% and the APR is 3.046% on initial purchase. 7 year ARMs are being offered for 3.500% with a starting APR of 3.176%.
Interest Rates for Refinancing Your Home
The best 30 year refinance loan deals stand at 4.500% at Chase Bank today and an APR of 4.553%. The shorter term, popular 15 year refi FRM interest rates stand at 3.500% today with an APR of 3.646%. 5/1 Adjustable Rate Mortgages are available starting at 3.125% at Chase Bank. with a starting APR of 2.968%. The 7 year refi Adjustable Rate Mortgages can be had for 3.375% and an APR of 3.118%.
The bigger picture
Big bank interest rates usually move with loan packages traded by banks as securities which are dependent on the stock market. Overall markets lowered by market close today to leave the DJIA at 15,337.70.
Today’s rates at the bank moved along with the days DJIA results. Specifically, Chase Bank’s own stock gained ground to 53.66 up +0.37.