Standard 30 year FRM interest rates at Chase Bank (NYSE:JPM) have been published at 4.375% today and an APR of 4.460%. The short term, popular 15 year fixed rate loan interest rates stand at 3.625% at the bank yielding an APR of 3.753%.
ARM loans in the 5 year category at Chase start at 3.375% and the APR is 3.138% on initial purchase. The 7/1 Adjustable Rate Mortgage interest rates are available starting at 3.500% and an APR of 3.255%.
Today’s Refinance Rates
Standard 30 year refinance loan deals at Chase are coming out at 4.375% carrying an APR of 4.460% today. Shorter term, popular 15 year refi loan deals are being quoted at 3.500% today and an APR of 3.609%. The 5/1 ARM deals have been quoted at 3.250% at Chase. with a starting APR of 3.074%. ARM interest rates in the 7 year refi category start at 3.375% currently with an APR of 3.195%.
DOW and Stock Market Results
Quotations of mortgage rates are sometimes driven by MBS prices which are dependent on the stock market. Markets lost ground by close of day putting the DOW at 15,337.70 up -0.73%.
This time the bank were in synch with the days closing results. More specifically, the banks stock price strengthened to 53.66 up +0.69%.