Interest Rates for Refinancing Your Home
Standard 30 year refinance FRM interest rates have been published at 4.375 % at Citi Mortgage and APR of 4.600 %. The short term, popular 15 year refi loan interest rates at the bank are on the books at 3.500 % today yielding an APR of 3.810 %.
Interest rates banks charge usually go up and down because of mortgage related bonds which are in concert with stock market movements. Securities went down today leaving the DJIA at 15,337.70 up -0.73%.
For today Citi Mortgage were in synch with the market direction. Also in the market, Citi Mortgage’s own stock price increased to 50.92 up +0.06.