The best 30 year fixed rate mortgages have been listed at 4.250 % at Citi Mortgage (NYSE:C) and an APR of 4.436 %. The shorter term 15 year fixed rate loans stand at 3.375 % at the bank and APR of 3.712 % today.
Home Refinance Interest Rates
The best 30 year refinance loans can be had for 4.375 % at Citi Mortgage today and an APR of 4.524 %. Shorter term 15 year refinance fixed rate mortgage interest rates are coming out at 3.500 % yielding an APR of 3.755 % today.
From a market perspective
Interest rates are pressured by mortgage backed security prices which partially track with the stock market. The stock market fell by close of day to leave the DOW at 15,337.70.
This time the bank were in synch with the DJIA. On the topic of stocks, the stock price of Citi Mortgage moved higher to 50.92 up +0.06.