Chase Home Lending Brings Back 3-Week Mortgage Rate Sale

With national interest rates hovering near 7%, Chase Home Lending has launched a limited-time interest rate promotion to give prospective home buyers and refinancers a financial break.

The nationwide promotion runs for three weeks, starting Monday, Sept. 14, through Sunday, Oct. 4.

Key Promotion Details

• Interest Rate Savings: Qualified borrowers can receive up to 0.25% off their loan interest rate on new home purchases and refinances.
• Eligible Loan Types: The rate cut applies to fixed-rate mortgages, adjustable-rate mortgages (during the initial fixed period), and FHA loans.
• No Added Costs: The discount features no attached fees or required discount points.
• Deadline: Borrowers must lock in their interest rate by Sunday, Oct. 4, to secure the discounted pricing.

How Much You Can Save

Dropping an interest rate by 0.25% leads to meaningful savings over the course of a long-term mortgage.

For instance, lowering a rate from 6.75% to 6.50% on a standard $400,000 fixed-rate 30-year loan saves borrowers over $23,800 in interest over time.

That single rate reduction also slashes monthly mortgage payments by more than $65.

Market Context and Qualification

Mortgage rates remain sensitive to broader economic trends, including inflation, employment metrics, and bond market movements.

Rather than attempting to time the volatile market, financial experts recommend focusing on personal readiness and credit health.

Standard credit score, loan-to-value, and property guidelines still apply to qualify, though rate locks can extend up to 60 days depending on the location.

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Find out if you're eligible for housing support here!