The best 30 year fixed rate mortgages are coming out at 4.250 % at Citi Mortgage (NYSE:C) with an APR of 4.447 %. The shorter term, popular 15 year fixed rate mortgages at the bank can be had for 3.375 % yielding an APR of 3.731 %.
Now on to Refinance Mortgage Rates
Standard 30 year refinance loan deals at Citi Mortgage have been offered at 4.375 % with an APR of 4.546 % today. The short term 15 year refi fixed rate loans have been listed at 3.500 % at the bank carrying an APR of 3.755 % today.
Bank mortgage rates rise and fall because of loan packages traded by banks as securities which roughly follow motions in the stock market. Wall street waned by close of day today to leave the DJIA at 15,337.70 up -0.73%.
For today Citi Mortgage moved along with the securities markets. Also in the market, this particular bank’s stock price increased to 50.92 up +0.06.