The best 30 year loan interest rates have been listed at 3.750% at Chase Bank (NYSE:JPM) carrying an APR of 3.915%. Popular 15 year loan interest rates are published at 3.125% today with an APR of 3.472%.
In the ARM arena, 5 year loans at Chase can be had for 3.250% and APR of 3.605%. ARM loans in the 7 year category have been published at 3.500% today yielding an APR of 3.684% to start.
Refinancing Your Home
The best 30 year refinance loan deals at Chase are on the books at 3.750% and an APR of 3.853%. The short term 15 year refinance loans at the bank have been listed at 3.000% today carrying an APR of 3.145%. In the ARM arena, 5 year refi deals have been published at 3.250% at Chase. carrying an APR of 3.493%. The 7/1 Adjustable Rate Mortgage interest rates are coming out at 3.500% today with a starting APR of 3.581%.
Refinance interest rates often move with mortgage financial instrument prices which go up and down with the markets. Stocks moved higher by close of day today to leave the DJIA at 21066.00.
Mortgages at the bank did not move along with Wall Street. Independent of mortgage rates, the banks stock price rose to 85.36 up +0.01.
The benchmark 30 year fixed rate loans at PNC Bank (NYSE:PNC) have been offered at 3.875% today and an APR of 4.035%. 30 year FHA loan interest rates start at 3.625% with a rather higher APR of 4.463%. The shorter term 15 year FRM interest rates are coming out at 3.000% at the bank and an APR of 3.312%.
ARMs in the 5 year category are on the books at 3.000% at PNC yielding an APR of 3.874% at the beginning of the loan.
All the mortgage interest rates move up and down usually because of MBS’s (mortgage backed securities) that go up and down with the stock market. Markets gained ground today with the DJIA at 21066.00.
However PNC did not follow the action in the market. On the topic of stocks, PNC’s own stock ticker lowered to 121.32 down -0.13.