Mortgage Rates Today: Chase Bank Home Purchase and Refinance Deals for Wednesday

October 19, 2011 / Russell Legato, Residential Property Analyst

Chase Bank (NYSE:JPM) is today continuing the week exactly as they begun, which is to say by offering a strong and competitive range of mortgage deals for both home purchase and refinance packages. Though the rates may not be quite at the same levels as the all time lows seen a few weeks ago, they are nonetheless incredibly attractive when compared to previous years gone by.

Mortgage Rates Today: Chase Bank Home Purchase and Refinance Deals for Wednesday

With regard to home purchase options, the 30 year fixed term contract is today being offered for 4.250% and an APR amounting to 4.324%, while the 15 year purchase deal is at 3.375% and an APR of 3.557%.

The 7/1 ARM for home purchase is available beginning at 2.750% and an APR of 3.061%, while the 5/1 ARM purchase deal is at 2.375% and an APR figure amounting to 2.978%.

Moving on to the refinance deals available today, the most popular 30 year fixed term deal is available for 4.500% and an APR figure of 4.564%, while those looking to clear their balance in 15 years can do so for 3.750% and an APR of 3.878%.

Flexible refinance options include the 7/1 ARM which is today beginning at 3.000% and an APR figure of 3.176%, while the 5/1 ARM can be taken home for 2.625% and an APR of 3.064%.

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