Standard 30 year fixed rate loan interest rates start at 4.375 at Citizens Bank and an APR of 4.403. The shorter term, popular 15 year fixed rate loan interest rates have been published at 3.375 today carrying an APR of 3.423.
The 3/1 ARMS have been published at 2.750 with an APR of 2.775. The 5 year ARM interest rates are coming out at 3.000 at Citizens with a starting APR of 2.861 which will change as interest rates adjust. The 7 year ARM deals are coming out at 3.375 currently yielding an APR of 3.063.
Stock Market Movement Today
Published refinance rates usually change because of a set of mortgage related securities which go up and down with the markets. Markets weakend today leaving the DJIA at 15,337.70.
As expected the bank moved along with the stock market direction. Independent of mortgage rates, Citizens’s own stock price strengthened to 10.79 up +0.08.