Mortgage Interest Rates Today: Chase Mortgage Rates for November 6

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Mortgage Interest Rates Today: Chase Mortgage Rates for November 6Chase (NYSE:JPM), a major lender in the U.S., updated its home purchase and refinance loan information for Thursday, November 6, which is listed below. The lender offers excellent mortgage 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 mortgage, may find some suitable mortgages at this bank.

Chase Home Purchase Rates

30-Year Fixed-Rate Mortgage: 4.000%, 1.125 discount points, 4.093% APR
15-Year Fixed-Rate Mortgage: 3.250%, 1.000 discount points, 3.394% APR
7/1 Adjustable Rate Mortgage (ARM): 3.375%, 0.875 discount points, 3.107% APR
5/1 Adjustable Rate Mortgage (ARM): 3.000%, 1.125 discount points, 2.924% APR

Chase Refinance Rates

30-Year Fixed-Rate Mortgage: 4.125%, 1.125 discount points, 4.219% APR
15-Year Fixed-Rate Mortgage: 3.375%, 0.875 discount points, 3.502% APR
7/1 Adjustable Rate Mortgage (ARM): 3.375%, 1.250 discount points, 3.138% APR
5/1 Adjustable Rate Mortgage (ARM): 3.125%, 1.000 discount points, 2.958% 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) published the results of its latest weekly mortgage survey on Thursday. According to the MBA’s data, mortgage application activity in the U.S. decreased 2.6% in the week ended October 31. Less Americans decided to file applications for mortgage refinancing, as the Refinance Index fell 6% in the said period. With regards to home purchase applications, the Purchase Index decreased 3%. The refinance share of total mortgage applications dropped to 63%, the MBA said.

In other news, Virgina-based company, Freddie Mac released its weekly national mortgage survey on Thursday, which showed, that the 30-year fixed loan averaged a rate of 4.02%, a higher rate by 4 basis points compared to the prior week’s data. On the other hand, the average interest rate on the 15-year FRM edged up to 3.21% this week, according to the housing-finance company’s data.

For additional 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 visit the bank’s website.