30 year loan deals at Chase Bank (NYSE:JPM) have been listed at 4.500% today yielding an APR of 4.553%. Shorter term 15 year fixed rate mortgage interest rates at the bank are coming out at 3.625% today and an APR of 3.771%.
As far as ARMs go, 5 year loans start at 3.375% at Chase yielding an APR of 3.046% at the beginning of the loan. 7/1 Adjustable Rate Mortgages are coming out at 3.500% with a starting APR of 3.176%.
Refinance Interest Rates
The benchmark 30 year refinance fixed rate loan interest rates are coming out at 4.500% at Chase yielding an APR of 4.553%. The short term 15 year refi loan interest rates at the bank can be had for 3.500% with an APR of 3.646%. ARMs in the 5 year refi category are being quoted at 3.125% at Chase. and the APR is 2.968%. 7 year refinance ARMs are coming out at 3.375% with a starting APR of 3.118%.
From the finance side
All the mortgage rates published are impacted by mortgage financial instrument prices that sometimes move with the stock market. Financial markets fell by the end of trading to leave the DJIA at 15,337.70 a decrease of -113.35.
Interest rates at the bank decided not to move with Wall Street. Specifically, this particular bank’s stock price gained ground to 53.66 up +0.37.