30 and 15 Year Mortgage Rates at Citizens Bank Feb 6

30 and 15 Year  Mortgage Rates at Citizens Bank Feb 6The best 30 year loans start at 4.500 at Citizens Bank today carrying an APR of 4.528.  Shorter term 15 year fixed rate mortgages are available starting at 3.375 at the bank and an APR of 3.423 today.  

3/1 ARM loans are coming out at 2.750 today yielding an APR of 2.775 to start.  In the ARM arena, 5 year interest rates have been quoted at 3.000 at Citizens Bank with a starting APR of 2.861.  The 7/1 ARM loans are 3.375 currently showing an APR of 3.063.  

Financial Market News

All the mortgage rates usually move with mortgage related bonds which follow stock market motions.  The stock market dropped by market close today to leave the DOW at 15,337.70.  

For today at least the bank moved in the same direction as the securities markets.  More specifically, the banks stock price moved higher to 10.79 up +0.08.