Mortgage rates have dropped once more at JPMorgan Chase on Wednesday, October 15. The standard 30-year fixed rate mortgage is quoted lower at 3.625% with a 3.737% APR today, while the shorter-term 15-year fixed loan is advertised at a lower 3.000% interest rate with an APR of 3.144%.
Buyers can lock into a 5/1 ARM today at 2.875% for the first five years with an APR of 2.861% to start. A 7/1 adjustable rate mortgage is quoted at the same 2.875% with an APR of 2.895% to start.
Chase Refinance Rates
Chase offers lower rates on popular refinance loans today. A 30-year fixed rate refinance loan today is quoted at 3.875% with a APR of 3.947%. The shorter-term 15-year fixed loan has an interest rate as low as 3.125% with an APR of 3.233%.
Homeowners can refinance into an adjustable rate mortgage as well. A 5/1 ARM is quoted at 2.875% for the first five years with an APR of 2.880% to start. A 7/1 adjustable rate mortgage is advertised at 3.000% for the first seven years with an APR of 2.952% to start.
Disclaimer: The advertised rates were submitted by each individual lender/broker on the date indicated. Rate/APR terms offered by advertisers may differ from those listed above based on the creditworthiness of the borrower and other differences between an individual loan and the loan criteria used for the quotes.