Current Mortgage Interest Rates: Chase Mortgage Rates Roundup for March 24


Current Mortgage Interest Rates: Chase Mortgage Rates Roundup for March 24The majority of mortgage loan packages at Chase haven’t seen any changes on Monday, March 24, following some upticks last Friday. The lender’s home loan plans includes the 30-year fixed rate mortgage, which is currently quoted at a rate of 4.500%. Mortgage shoppers, who believe the 15-year FRM is a more suitable choice, can expect to pay 3.625% interest cost. Shifting to more flexible home mortgages, the 7/1 adjustable rate loan is listed at a rate of 3.500%. According to our observations, the 5-year ARM was raised a tad, as the current mortgage rate on this loan is 3.375% on Monday. On Friday, this type of mortgage was carrying 3.250% in interest.

Turning attention to current refinance rate quotes, the 30-year fixed mortgage looks stable at 4.625% at Chase. The equally popular 15-year fixed refinance loan can be obtained at a rate of 3.625%. Individuals, who prefer ARM loans over the above mentioned fixed conventional mortgages, can find a number of options at this bank. The 7/1 adjustable rate mortgage (ARM) is listed at a rate of 3.625%, according to today’s data. With regards to the 5-year adjustable rate loan may also pique some interest from borrowers, as it can be locked in at a rate of 3.375%. Further details on Chase’s current mortgage rates, discount points and APRs, please check the data below.

Chase offers excellent mortgage rates under both its home purchase and refinance programs, so those who are looking to invest either in a new / used home or to refinance an existing mortgage, may find some ideal loans at this lender.

Chase Home Purchase Rates

30-Year Fixed-Rate Mortgage: 4.500%, 0.625 discount points, 4.553% APR
15-Year Fixed-Rate Mortgage: 3.625%, 1.000 discount points, 3.771% APR
7/1 Adjustable Rate Mortgage (ARM): 3.500%, 1.125 discount points, 3.187% APR
5/1 Adjustable Rate Mortgage (ARM): 3.375%, 0.875 discount points, 3.036% APR

Chase Refinance Rates

30-Year Fixed-Rate Mortgage: 4.625%, 0.625 discount points, 4.679% APR
15-Year Fixed-Rate Mortgage: 3.625%, 1.125 discount points, 3.789% APR
7/1 Adjustable Rate Mortgage (ARM): 3.625%, 1.000 discount points, 3.236% APR
5/1 Adjustable Rate Mortgage (ARM): 3.375%, 1.125 discount points, 3.056% 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.

► Compare Today’s Mortgage Rates and Find The Best Loans

As far as U.S. mortgage applications are concerned, the Mortgage Bankers Association (MBA) announced the results of its latest weekly mortgage survey last week. According to the MBA’s data, mortgage application activity in the U.S. dipped 1.2% in the week ended March 14. Less Americans decided to file applications for mortgage refinancing, as the Refinance Index decreased 1.3% in the said period. With regards to home purchase applications, the Purchase Index declined 0.9%. The refinance share of total mortgage applications edged down to 56.5%, the MBA said.

In other news, national average mortgage rates improved last week, according to Virgina-based mortgage finance company, Freddie Mac. The 30-year fixed mortgage averaged a rate of 4.32% last week, a decrease of 5 basis points compared to the previous 4.37% that it held in the prior week. The 15-year FRM averaged 3.32% last week, tumbling by 6 basis points since the previous data, Freddie Mac reported on Thursday.

Further details on Chase’s current mortgage interest rates, as well as information on loan assumptions and borrowing terms and conditions can be found on the lender’s website.