The best 30 year loans are being offered for 4.250 % at Citi Mortgage (NYSE:C) today carrying an APR of 4.458 %. The short term 15 year FRMs at the bank are being offered for 3.375 % yielding an APR of 3.731 %.
Now on to Refinance Mortgage Rates
Standard 30 year refinance FRMs start at 4.375 % at Citi Mortgage and an APR of 4.546 % today. Shorter term, popular 15 year refi loans at the bank have been published at 3.500 % today yielding an APR of 3.773 %.
Stock and Mortgage Update
Mortgage and refinance rates sometimes rise and fall because of loan packages traded by banks as securities which are traded in the stock market. Securities went down by close today putting the DOW at 15,337.70 up -0.73%.
Today’s rates at Citi Mortgage moved in the same direction as the DJIA performance. And now, this particular bank’s stock moved ahead to 50.92 up +0.06.