15-Year Mortgage Rates: Current Refinance Rates and Home Purchase Mortgages at Chase for December 19


15-Year Mortgage Rates: Current Refinance Rates and Home Purchase Mortgages at Chase for December 19Mortgage interest rates on conventional home purchase and refinance loans were updated by top U.S. lender, Chase (NYSE:JPM), for Friday, December 19. For information on the financial institution’s most up-to-date mortgage interest rates, discount points and annual percentage rates (APRs), please check the data below. This financial institution offers attractive interest rates under both its home purchase and refinance loan programs, so those who are looking to invest either in a new / used home or to refinance an existing loan, may find some ideal mortgage solutions at this financial institution.

Chase Home Purchase Rates

30-Year Fixed-Rate Mortgage: 3.750%, 1.125 discount points, 3.842% APR
15-Year Fixed-Rate Mortgage: 3.125%, 1.125 discount points, 3.287% APR
7/1 Adjustable Rate Mortgage (ARM): 3.250%, 0.875 discount points, 3.117% APR
5/1 Adjustable Rate Mortgage (ARM): 3.000%, 1.125 discount points, 3.006% APR

Chase Refinance Rates

30-Year Fixed-Rate Mortgage: 3.875%, 1.250 discount points, 3.978% APR
15-Year Fixed-Rate Mortgage: 3.250%, 0.875 discount points, 3.376% APR
7/1 Adjustable Rate Mortgage (ARM): 3.250%, 1.250 discount points, 3.147% APR
5/1 Adjustable Rate Mortgage (ARM): 3.125%, 1.000 discount points, 3.040% APR

It should be noted, that the current mortgage interest rates may vary without prior notice from the lender and are subject to change based on location, geography and other terms and conditions. The annual percentage rates (APR) were made based on discount points, origination fees, average loan fees and closing costs.

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As far as U.S. mortgage applications are concerned, the Mortgage Bankers Association (MBA) published the results of its latest weekly mortgage survey on Wednesday. According to the MBA’s data, mortgage application activity in the U.S.fell 3.3% in the week ended December 12. According to the latest data, the Refinance Index remained firm in the said period. With regards to home purchase applications, the Purchase Index declined 7%. The refinance share of total mortgage applications increased by to 2% to 66%, the organization reported.

In other mortgage-related news, Virgina-based company, Freddie Mac disclosed its weekly national mortgage survey this week, which showed, that the 30-year fixed loan averaged a rate of 3.80%, a lower rate by 13 basis points compared to the prior week’s data. On the other hand, the average interest rate on the 15-year FRM tumbled to 3.09%, according to the housing-finance company’s data.

For further details on the latest home purchase and refinance mortgage interest rates at Chase, as well as information on borrowing terms and conditions and loan assumptions, please see the financial institution’s website.