Chase Home Lending is making waves in the mortgage industry once again with their re-launch of a “mortgage rate sale” that includes both purchase and refinance home loans. This limited-time offer is available until Sunday, March 8, and comes with personalized interest rate discounts to help lower monthly payments for eligible home buyers and homeowners.
The sale, which is in effect nationwide from Monday, Feb. 23, through Sunday, March 8, offers buyers and homeowners the opportunity to access discounted rates without any additional discount points or fees. Bhavesh Patel, consumer channel executive at Chase Home Lending, highlighted the benefits of these discounted rates, stating that they can significantly lower monthly payments, improve overall affordability, and even increase purchasing power for buyers.
For example, a quarter-point reduction in rates could allow a buyer to afford a home approximately 2.5% higher in value while keeping the monthly payment the same. Additionally, Chase is offering grants ranging from $2,500 to $5,000 to eligible borrowers in certain areas, subject to credit guidelines and income limits.
It’s important to note that mortgage rates are currently at their lowest level since September 2022, according to Freddie Mac. However, Patel cautions borrowers against trying to time the market, as rates fluctuate daily in response to economic indicators. When considering a refinance, borrowers should focus on their goals, whether it’s lowering the mortgage rate, reducing monthly payments, shortening the loan term, or taking cash out.
Chase Home Loans allows customers to stack the personalized rate discounts with other bank benefits, such as “relationship pricing,” which offers additional rate discounts of up to 1% based on new or existing account balances. Customers can also lock in their mortgage rate for up to 60 days at select Chase Home Loan locations.
To qualify for the rate sale discounts, borrowers must lock in a purchase or refinance rate by Sunday, March 8, 2026. Standard loan qualification guidelines apply, depending on the mortgage chosen. This offer presents a unique opportunity for home buyers and homeowners to take advantage of discounted rates and potentially save money on their mortgage payments.
