The best 30 year fixed rate loans are being offered for 4.375% at Chase Bank (NYSE:JPM) with an APR of 4.449%. Popular 15 year loans have been published at 3.625% at the bank with an APR of 3.734% today.
5/1 ARM loans at Chase Bank start at 3.250% with a starting APR of 3.084%. The 7/1 ARM loans have been listed at 3.500% with a starting APR of 3.234%.
What does it cost to refinance?
30 year refinance loan interest rates have been quoted at 4.375% at Chase Bank and APR of 4.449% today. 15 year refi loan interest rates at the bank have been listed at 3.500% yielding an APR of 3.609% today. As far as ARMs go, 5 year refinance interest rates are on the books at 3.125% at Chase Bank. with a starting APR of 3.040%. 7 year refi ARMs can be had for 3.375% today with an APR of 3.195%.
Interest rates banks charge vacillate with specific securities related to mortgages that roughly follow motions in the stock market. Financial markets fell by market close to leave the DJIA at 15,337.70.
This time the bank were in synch with the days market results. Independent of mortgage rates, Chase Bank’s own stock price strengthened to 53.66 up +0.69%.