The benchmark 30 year fixed rate mortgages at Citizens Bank are coming out at 4.375 today and an APR of 4.403. The shorter term, popular 15 year loan interest rates are being quoted at 3.375 and an APR of 3.423 today.
3 year ARM interest rates have been listed at 2.750 currently with an APR of 2.775 to start. As far as ARMs go, 5 year interest rates have been published at 3.000 at Citizens with a starting APR of 2.861. The 7 year Adjustable Rate Mortgages are being offered for 3.375 currently with an APR of 3.063.
Related Financial News
Bank mortgage rates often vary with mortgage bonds and security prices that go in the same direction as the stock market. Markets weakend by market close today putting the DJAI at 15,337.70.
Mortgages at Citizens tracked with the days trading results. Drilling down a bit, this particular bank’s stock improved to 10.79 up +0.75%.