Chase Mortgage Rates: Current 30-Year and 15-Year Refinance Rates for June 11

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Chase Mortgage Rates: Current 30-Year and 15-Year Refinance Rates for June 11Chase (NYSE:JPM), which is an established lender in the U.S., updated its mortgage information for June 11, 2015. For information on the lender’s mortgage rates and annual percentage rates (APRs), please check the data below. This bank offers excellent 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 suitable loan solutions at this lender.

Chase Home Purchase Rates

30-Year Fixed-Rate Mortgage: 4.000%, 0.750 discount points, 4.062% APR
15-Year Fixed-Rate Mortgage: 3.375%, 0.875 discount points, 3.502% APR
7/1 Adjustable Rate Mortgage (ARM): 3.125%, 1.125 discount points, 3.146% APR
5/1 Adjustable Rate Mortgage (ARM): 3.000%, 1.125 discount points, 3.088% APR

Chase Refinance Rates

30-Year Fixed-Rate Mortgage: 4.125%, 1.250 discount points, 4.230% APR
15-Year Fixed-Rate Mortgage: 3.375%, 1.375 discount points, 3.575% APR
7/1 Adjustable Rate Mortgage (ARM): 3.375%, 0.875 discount points, 3.243% APR
5/1 Adjustable Rate Mortgage (ARM): 3.125%, 1.000 discount points, 3.122% 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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On a different note, the Mortgage Bankers Association (MBA) disclosed the results of its latest weekly survey on Wednesday. According to the MBA’s data, the Market Composite Index, which measures overall mortgage application activity, increased 8.4% on a seasonally adjusted basis in the week ended June 5. Loan applications for mortgage refinancing jumped 7%, according to the organization’s data. The Purchase Index moved up 10% in the said period. The refinance share of total mortgage applications remained unchanged at 49%, according to the latest data.

On the other hand, the share of ARMs edged up to 6.3%. The MBA’s weekly survey also showed, that the FHA share of total mortgage applications slipped to 14.3% from the previous 14.9% that it carried before. Now, the share of VA loan applications dipped to 11.5% from 12.0%, according to the weekly survey. The share of USDA mortgage applications climbed in the said period, these type of loans account for 1.1% of all mortgage applications.

The average contract interest rate on the 30-year fixed mortgage soared by 15 basis points to 4.17%, according to the MBA. As far as the 15-year FRM is concerned, the average rate is hovering at 3.37%, an increase of 10 basis points, according to the MBA’s survey.

Government-sponsored housing firm, Freddie Mac reported on Thursday, that the average rate on the 30-year fixed mortgage escalated to 4.04% from the previous 3.87%. On the other hand, the interest rate on the shorter-term 15-year fixed loan drifted higher to 3.25% during the week. A week earlier this type of mortgage loan averaged a rate of 3.08%, according to the organization.

Consumer financial services company, Bankrate also disclosed its weekly mortgage survey, which revealed that the interest rate on the 30-year mortgage edged up to 4.15% this week. The interest rate on the shorter-term, 15-year mortgage ticked up at 3.39%, according to the survey. The interest rate on the 5/1 ARM soared in Bankrate’s latest survey, this type of mortgage is now hovering at 3.24%.

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 bank’s website.