The best 30 year fixed rate loans have been listed at 4.375 % at Citi Mortgage (NYSE:C) and an APR of 4.573 % today. Popular 15 year FRM interest rates are being quoted at 3.375 % today yielding an APR of 3.750 %.
Mortgage Rates for Refinance
Standard 30 year refinance fixed rate loan interest rates at Citibank have been published at 4.375 % carrying an APR of 4.589 % today. Popular 15 year refi fixed rate loan interest rates are on the books at 3.500 % at the bank with an APR of 3.792 %.
Mortgage and refinance rates sometimes vacillate because of MBS’s (mortgage backed securities) prices which go in the same direction as the stock market. The stock market declined by market close putting the DOW at 15,337.70 up -0.73%.
Interest rates at Citibank were in synch with the Wall Street direction. Drilling down a bit, this particular bank’s stock strengthened to 50.92 up +0.06.