Mortgage Rates •

Chase Bank Mortgage Interest Rates See Northward Graph On Tuesday

August 15, 2013 By Jack M. Robinson Leave a Comment

Chase Bank’s best 30 year fixed rate mortgage deals are being offered yesterday (Tuesday, August 13) for 4.375 percent, yielding an APR of 4.481 percent. On Monday the rates were 4.500 percent on the same loan category. Its popular 15-year FRMs are at 3.750 percent with APR of 3.878 percent. On this loan category the rates remain unaltered.

The 5-year ARM loans have been listed at 3.750 percent, yielding the APR at 3.289 percent. Bank has kept the interest rates and also the annual percentage rates here stable on Tuesday. The 7-year ARM interest rates are on the books at 4.125 percent and ARM stand at 3.576 percent. A decrement has been witnessed in this loan category from 4.250 percent to 4.125 percent.

The benchmark 30-year refinance fixed rate loan interest rates at Chase Bank are on the books at 4.500 percent and APR of 4.585 percent. Here too Chase Bank has kept the rates stable at 4.500 percent since Monday.

The short term 15-year refinance fixed rate mortgage interest rates are offered starting at 3.375 percent with APR of 3.165 percent. The 7-year ARMs are published at 3.750 percent, yielding APR of 3.385 percent. The 7-year ARMs’ interest rates have been kept stable and the rates on 5-year ARM mortgage have been cut down to 3.375 percent from 3.500 percent on Tuesday.

Disclaimer: The rates mentioned above are in average that has been advertised by a particular lending company. This website does not hold any responsibility on its accuracy and also does not engage in any type of promotion or sale.

Wells Fargo (NYSE: WFC) Current Refinance and Mortgage Rates Friday

May 25, 2013 By Deborah Cobing Leave a Comment

Wells Fargo(NYSE: WFC)is undoubtedly the market leader in the American mortgage industry, making roughly one-third of all the mortgages in the US. However, contradicting such past figures & glory, the bank slashed the interest rates of all its mortgage loans, includingrefinancing options on Friday, May 24th, 2013.
The fourth largest bank in theUnited States by total assets – Wells Fargo, reduced its interest rates & APR’s to primarily meet the competition.

After Thursday’s revision, WF’s standard 30 year fixed rate loan’s interest was quoted to be 3.875% with an APR of 4.042%. With the FHA backing the same loan would be having the interest ratesof 3.750% yielding an APR of4.879%.For home owners looking to ease the burden of their Home loans with a low monthly Principal & Interest payment. The shorter term 15 year fixed rateloanswere quoted at 3% interest rate and would carry an APR of 3.291%.

For borrowers seeking moreinterest rate flexibility, the bank also offers Adjustable Rate Mortgage (ARM) Loans for both buying a home and refinancing your mortgage. The 5-Year ARM of WF now has an interest of 2.250% and APR of 2.817%, to confront balances & confirm repayment. The FHA variant of the same loan would bear an interest of 2.250% and an APR of 2.942%. Large 30 year refinanceARM loans are now being sold at 2.375% interest and APR of 2.821%.
Larger and Jumbo loan amounts are also granted by WF, but for financedproperties located incertain eligible areas only.

All these figures, sourced from the Wells Fargo website are subject to variation based upon market activity as Mortgage rates fluctuate everyday depending on the index to which they’re tied. So it’s advised that you consult any of the Wells FargoMortgage Retail offices, as you get even better deals based upon your credit history, area of property and down payment amount.

Bank of America Reported with Higher Mortgage Rates, Leading Dow, (NYSE:BAC RISES)

May 15, 2013 By Deborah Cobing Leave a Comment

Bank of America is reported to have higher mortgage interest rates. The leading financial institution in the United States has shown mixed figures with a report of being the leading advancer among the Dow industrials.

Bank of America is reported with 30-year loan interest rates listed at 3.625 percent and an annual percentage rate of 3.732 percent. The short-term 15 year fixed-rate mortgage interest rates are shown to be starting at 3.000 percent, which yields 3.244 percent APR.

The bank has 5-year adjustable rate mortgage interest rates standing at 2.625 percent with a starting 3.015 percent APR.

At Bank of America, there is 3.750 percent in standard 30-year refinance loans and a 3.911 percent APR. The bank has also popular 15-year refinance fixed rate loan interest rates that start at 3.000 percent that yields an APR of 3.289%. Bank of America’s 5-year refinance ARM interest rates are being offered for 2.625 percent with a starting APR of 3.010 percent.

Coming out at 2.875 percent, the 7-year refinance adjustable rate mortgages at Bank of America start with an APR of 3.079 percent. With an APR starting at 3.359 percent, the 10-year refi deals on ARM are quoted at 3.375 percent.

Meanwhile, stocks at Bank of America (NYSE: BAC) have been swinging sharply higher to pull the blue-chip index. It was reportedly up more than 2 percent in financial stocks, making it the biggest gainer in the Dow Jones Industrial Average. It was followed by J P Morgan Chase & Co. with nearly 1.2 percent increase in the Dow.

With its 2.3 percent increase, Bank of America added it to the 77 percent gain it had over the past year. The bank continues to benefit from its cost cutting measures and the efforts of its wealth management unit despite certain lawsuits.

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