Chase Bank (NYSE: JPM) offers a number of conventional mortgage loan packages for borrowers in the United States.
Chase Bank (NYSE: JPM) offers a number of conventional mortgage loan packages for borrowers in the United States. Potential customers must have strong credit standing and be willing to pay 1.00% of the total loan amount in origination fees to the lender in order to secure a loan. Chase’s mortgage interest rates have been updated for April 30, 2015, which are listed below.
Today, the lender’s standard 30-year fixed home purchase loan is published at a rate of 3.625% with an annual percentage rate standing at 3.737%. The 15-year fixed conforming home loan can be locked in at 2.875%. The corresponding APR stands at 3.072%.
According to the latest data from the lender, the 7/1 ARM is published at a rate of 3.000% and the loan bears an APR of 3.078%. Others, who believe the 5/1 adjustable rate home loan fits the bill better, can expect to pay 2.750% in interest. This mortgage loan is accompanied by an annual percentage rate of 2.991%.
Borrowers, who are more interested in mortgage refinancing options, will find plenty of loan offers at this lender, including the 30-year FRM, which demands 4.000% in interest. The corresponding annual percentage rate is published at 4.052%. Those favoring the 15-year fixed refinance loan, will see it being offered today at a rate of 3.125% and the loan’s APR is set at 3.306%.
Adjustable rate mortgages can also be used for home refinancing. As far as flexible refinance loans are concerned, the starting rate on the 7/1 ARM is 3.250%. The corresponding APR is coming out at 3.195%. The 5/1 adjustable rate mortgage hovers at a rate of 2.875% and the loan features 3.045% by way of annual percentage rate.
Detailed information on Chase’s mortgage interest rates, loan assumptions and terms and conditions can be found on the lender’s website.