The benchmark 30 year fixed rate mortgages are listed at 3.750% at Chase Bank (NYSE:JPM) today carrying an APR of 3.915%. The short term 15 year FRMs can be had for 3.125% today and an APR of 3.472%.
The 5/1 Adjustable Rate Mortgages are published at 3.250% at Chase Bank and the APR is 3.605%. ARMs in the 7 year category have been quoted at 3.500% currently with an APR of 3.684%.
Refinance Mortgage Loans
Standard 30 year refinance loan deals are 3.750% at Chase Bank yielding an APR of 3.853%. Popular 15 year refi FRMs at the bank are published at 3.000% today yielding an APR of 3.145%. As far as ARMs go, 5 year refinance loans at Chase have been quoted at 3.250%. with an APR of 3.493%. ARM loans in the 7 year refinance category have been offered at 3.500% currently yielding an APR of 3.581% to start.
Drilling down a bit, this particular bank’s stock went down to 98.98 down -0.04.