Chase Mortgage Rates August 5th, 2010
Finding the best mortgage rate often involves reviewing the mortgage rates from the largest bank mortgage lenders. Findlocalmortgagerates.com reviews the top five bank mortgage lenders weekly and includes in depth reviews of the mortgage rates from the largest banks weekly. Today’s mortgage rates are from the largest U.S. based bank, Chase Bank. In general, Chase mortgage rates this week are lower across almost all loan products.
The Chase Mortgage rates listed are for loans with a minimum 20% down payment with borrowers that have excellent credit. Mortgage rates will vary based qualifications attributes of the borrowers as well as property type, property value and loan amount. Chase mortgage rates will also vary based on geographic region. The current Chase Mortgage rates listed are for the state of Pennsylvania.
The Chase Mortgage rates on a 30 year is at 4.75% with no points and a 4.806% APR.
The 30 year mortgage rate from Chase Bank with 1.125 points brings the mortgage rate in PA down to 4.50% and a 4.652% APR.
The 15 year mortgage rate is at 4.25% with no pints with an APR of 4.345%.
A 15 year fixed rate loan from Chase Mortgage with 1.125 points has a mortgage rate of 4.00% and a 4.263% APR.
The Chase Mortgage 5/1 adjustable rate mortgage which has an initial mortgage rate fixed for five years has a mortgage interest rate of 3.50% with .25 points and a 3.410% APR.
A 30 year jumbo loan Chase Mortgage rate for a loan in the amount of $500,000.00 would have a mortgage rate of 5.125% and .50 points for a 5.198% APR.
A 5/1 ARM jumbo loan can be had with a mortgage rate as low as 4.00% and .25 points resulting in a 3.562% APR.
The fixed rate 15 year term loan, 30 year term loan and 30 year jumbo loan have fixed rates with fixed principal and interest payments over the life of the loan while the adjustable rate loans (ARMs) have interest rates that adjust periodically to reflect changes in a specific financial index.
While these Chase mortgage rates are for PA a quick check of Chase mortgage rates in Illinois indicates that the 30 year Chase mortgage rate and 15 year Chase mortgage rate in Illinois will have an increase of .125 points above the 15 year an 30 year loan listed above. For Chase mortgage rates in Florida, the cost was another .125 points higher or .25 above the Chase Mortgage rates in PA. Chase mortgage rates in CA matched those found in Florida for the 30 year and 15 year term home loans.
Chase Mortgage rates listed are current as of August 5th, 2010 but are subject to change at anytime. All home loans and mortgage rates require mortgage lender approval.
To find additional information on Chase Mortgage loan products and Chase Mortgage rates a mortgage representative can be reached at 1-800-873-6577
Bank mortgage rates in the weekly Findlocalmortgagerates.com nationwide home loan rates survey includes; Bank America mortgage rates, Wells Fargo Mortgage Rates, Chase Mortgage rates, Citibank Mortgage rates and US Bank mortgage rates.