Chase Bank mortgage rates January 2012
Buying a home is one of the biggest financial decisions for many people and for such an important decision, its important that they make the right choices. Many banks today offer mortgages at good rates and as a bonus, it also comes with some cool features. One such bank is the Chase Bank and they offer flexible mortgage options for their customers. In fact, this bank makes it possible for prospective homeowners with less than perfect credit scores to buy a home as well. They only look at the ability of the person to pay and not a lot of emphasis is laid on past credit history.
There are two broad kinds of mortgages available in the market and they are the fixed rate mortgage and the adjustable rate mortgage (ARM). Each option comes with its pros and cons and it is up to the home owner to decide what works best for them. Another option is the period of the loan and it is either 15 or 30 years for a fixed one and five or seven for an ARM. This choice also depends to a large extent on the financial preferences of the borrower.
The current Chase Bank mortgage rates for a 30 year fixed is 4.481% APR and for a 15 year fixed mortgage, the Chase mortgage rates are 3.771% APR. The mortgage rates at Chase Bank are 3.166% APR for a 5 year ARM and 3.095% APR for a 7 year ARM respectively. These Chase bank rates are competitive in the given market conditions and this makes the Chase home loans a popular one among its customers.