JPMorgan Chase has updated its mortgage interest rates for popular loan products. Rates remain largely unchanged for purchases. The benchmark 30-year fixed rate mortgage is offered at 4.000% today with a 4.093% APR. Chase advertises the shorter-term 15-year fixed mortgage at 3.250% on Thursday with an APR of 3.394%.
For buyers who want to lock into an adjustable rate mortgage for a lower rate and more flexibility, Chase offers the 5/1 LIBOR ARM at 3.000% for the first five years with a 2.924% APR to start. The 7/1 adjustable rate loan is offered with an interest rate of 3.375% locked for the first seven years with a starting APR of 3.107%.
JPMorgan Chase Refinance Interest Rates
Refinance rates have edged higher at Chase. The lender quotes the standard 30-year refinance loan today at 4.125% with an APR of 4.219%. Homeowners can lock into the more popular 15-year fixed refi loan with an interest rate of 3.375% and a corresponding APR of 3.502%.
Chase offers the best interest rates for adjustable rate refinance mortgages. A 5/1 adjustable rate refinance is quoted at 3.125% for the first five years with a 2.958% APR to start. The 7/1 refinance ARM is quoted at 3.375% for the first seven years with a starting APR of 3.138%.
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.