Mortgage Rates Today: Chase Bank Interest Looking Good for the Weekend

October 14, 2011 / Russell Legato, Residential Property Analyst

With the weekend once again well and truly on the doorstep, Chase Bank NYSE:JPM) is offering a wide range of purchase and refinance options which are almost certain to continue for the weekend.

Mortgage Rates Today: Chase Bank Interest Looking Good for the Weekend

With regard to options advertised for new and used home purchases, the standard 30 year fixed rate package can be locked in with a rate of 4.125% and a resulting APR of 4.188%, while the other most popular package of the 15 year fixed term deal is now being advertised for 3.375% and an attached APR of 3.502%.

Flexible terms for purchase are also remaining strong today, with the 7/1 ARM up for a rate of 2.875% and a resulting APR of 3.184%, while 5/1 ARM agreements can be taken out starting at 2.500% and an APR of 3.006%.

Moving on to the Friday refinance deals at Chase Bank, 30 year fixed rate mortgages can be taken home at a rate of 4.375% and an APR of 4.481%, while the valuable 15 year fixed term for refinances is now at 3.625% and 3.808% APR.

Flexible terms are also being advertised in options including the 7/1 ARM which for refinances is now at a staring rate of 3.125% and APR of 3.220%, while the 5/1 ARM alternative is now at 2.750% and an APR of 3.092%.

Borrowers holding out hope of another massive drop in interest rates to new record lows are unlikely to find this to be the case over the weekend, with more minor though noticeable increases expected over the coming days across the Market.

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