The benchmark 30 year fixed rate loans are on the books at 4.250 % at Citi Mortgage (NYSE:C) with an APR of 4.425 %. The shorter term, popular 15 year loan deals are coming out at 3.375 % today with an APR of 3.694 %.
How about refinance mortgage rates?
30 year refinance fixed rate loans at Citibank have been quoted at 4.250 % yielding an APR of 4.441 % today. The shorter term, popular 15 year refinance loan interest rates are 3.375 % and APR of 3.721 % today.
From the finance side
Refinance and mortgage rates usually vacillate with a set of mortgage related securities which partially track with the stock market. Securities waned by the end of trading putting the DOW at 15,337.70 up -0.73%.
Rates at Citibank moved along with the Wall Street direction. Also in the market, the stock price of Citibank increased to 50.92 up +0.06.