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Mortgage Rates Today: Chase Home Purchase and Refinance Interest Rates

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Mortgage Rates Today: Chase Home Purchase and Refinance Interest RatesOverall, mortgage rates have improved at Chase (NYSE:JPM) today across the various home purchase and refinance loans. According to our observations, Chase is now offering the 30-year fixed loan for home refinancing at a rate of 3.750%, which is quite competitive with those rates seen at Bank of America (NYSE:BAC), TD Bank (NYSE:TD) or Citi Mortgage (NYSE:C). Other home refinancing options include the shorter-term, 15-year fixed mortgage, which was lowered to 2.750%. The flexible 7/1 adjustable rate mortgage starts at 2.625%, while the 5/1 version of this loan is available at Chase at a rate of 2.500%. More details on current mortgage interest rates can be seen 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 loan, may find some ideal mortgage loan options at this lender.

Chase Home Purchase Rates

30-Year Fixed-Rate Mortgage: 3.625%, 0.875 discount points, 3.696% APR
15-Year Fixed-Rate Mortgage: 2.750%, 1.125 discount points, 2.910% APR
7/1 Adjustable Rate Mortgage (ARM): 2.500%, 0.875 discount points, 2.830% APR
5/1 Adjustable Rate Mortgage (ARM): 2.125%, 1.125 discount points, 2.776% APR

Chase Refinance Rates


30-Year Fixed-Rate Mortgage: 3.750%, 0.875 discount points, 3.821% APR
15-Year Fixed-Rate Mortgage: 2.750%, 1.125 discount points, 2.910% APR
7/1 Adjustable Rate Mortgage (ARM): 2.625%, 1.125 discount points, 2.907% APR
5/1 Adjustable Rate Mortgage (ARM): 2.500%, 0.875 discount points, 2.884% 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.

With regards to national average rates, Freddie Mac said last Thursday, that the rate on the 30-year fixed loan surged to 3.63%. A week earlier this loan stood at 3.52%. The rate on the 15-year FRM had an upward movement as well, and now it averages 2.79%.

The number of filed mortgage applications decreased in the week ended March 8, according to the results of the Mortgage Bankers Association’s (MBA) latest survey. The industry group reported last Wednesday, that mortgage activity – which includes both home purchase and refinance applications – was down 4.7% in the said period. The seasonally adjusted refinance mortgage activity tumbled 5.2% and the Purchase Index decreased 2.5%, the MBA reported. Refinance applications now have a lower share (76%) of total mortgage activity, compared to data from a week earlier.

For the latest information on current mortgage rates at Chase, as well as details on loan assumptions and borrowing terms and conditions, please visit the lender’s website.

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