The benchmark 30 year loan interest rates at Citi Mortgage (NYSE:C) start at 4.250 % carrying an APR of 4.458 %. The short term, popular 15 year FRMs are available starting at 3.375 % and APR of 3.731 %.
30 year refinance loan interest rates have been published at 4.375 % at Citibank and APR of 4.557 %. The short term 15 year refi loan interest rates at the bank are 3.500 % and APR of 3.755 %.
Update on the Market and Stock performance
The rates published for mortgages are usually influenced by securities made up of loan packages which roughly follow motions in the stock market. The stock market dropped by close of day with the DJIA at 15,337.70 a decrease of -113.35.
Rates at Citibank tracked with the days closing results. Now the banks stock gained ground to 50.92 up +0.12%.