Standard 30 year fixed rate loans at Citizens Bank are listed at 4.500 and an APR of 4.528 today. The short term, popular 15 year fixed rate mortgages at the bank stand at 3.375 with an APR of 3.423 today.
The 3 year ARMs are available starting at 2.750 carrying an APR of 2.775. 5/1 ARM interest rates have been listed at 3.000 at Citizens Bank and the APR is 2.861 on initial purchase. The 7 year Adjustable Rate Mortgages have been quoted at 3.375 currently and APR of 3.063.
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All the mortgage rates sometimes move with mortgage backed securities that roughly follow motions in the stock market. The stock market weakend by close of day today with the DJIA at 15,337.70 up -0.73%.
As expected Citizens Bank tracked with the stock market direction. Separately, Citizens Bank’s own stock improved to 10.79 up +0.75%.