While the difference may be negligible, published home purchase and refinance rates at Bank of America (NYSE:BAC) today have the edge over those at Citibank (NYSE:C).
Bank of America
The best 30 year loan interest rates stand at 3.250% at Bank of America (NYSE:BAC) and an APR of 3.415%. Shorter term 15 year fixed rate mortgage interest rates have been quoted at 2.750% yielding an APR of 3.028%.
The 5 year Adjustable Rate Mortgages at BoA have been offered at 2.500% with an APR of 3.051%.
The benchmark 30 year refinance fixed rate loan interest rates at BoA are 3.500% and an APR of 3.616%. Popular 15 year refinance fixed rate loans are coming out at 2.750% at the bank and APR of 2.973% today. The 5 year refi ARM deals are coming out at 2.500% at BoA with a starting APR of 3.041%.
30 year FRMs have been offered at 3.375% at Citi Mortgage (NYSE:C) and an APR of 3.530% today. The shorter term, popular 15 year loan interest rates are listed at 2.750% carrying an APR of 3.006%.
The benchmark 30 year refinance loan deals have been offered at 3.500% at Citi Mortgage and APR of 3.640%. Shorter term, popular 15 year refinance loan interest rates have been offered at 2.875% today and an APR of 3.123%.