Chase Bank (NYSE:JPM) and Citibank (NYSE:C) are today running neck and neck in terms of both home purchase and refinance mortgage rates, which are coming out around the middle of the market overall.
Standard 30 year fixed rate loans are 3.375% at Citi Mortgage (NYSE:C) today carrying an APR of 3.530%. Shorter term, popular 15 year FRM interest rates at the bank are published at 2.750% today and an APR of 3.006%.
The benchmark 30 year refinance FRMs at Citibank can be had for 3.500% and an APR of 3.640% today. Popular 15 year refi fixed rate loans at the bank are on the books at 2.875% today yielding an APR of 3.123%.
30 year FRMs have been quoted at 3.375% at Chase Bank (NYSE:JPM) carrying an APR of 3.455%. Popular 15 year loan deals at the bank are being quoted at 2.875% today and an APR of 3.018%.
As far as ARMs go, 5 year deals at Chase stand at 2.625% showing an APR of 3.025%. The 7/1 ARM loans are 2.750% today yielding an APR of 3.029%.
Standard 30 year refinance loan interest rates have been listed at 3.500% at Chase carrying an APR of 3.581% today. The shorter term 15 year refi fixed rate mortgages are published at 2.500% at the bank and an APR of 2.642%.
The 5 year refi ARM interest rates are coming out at 2.750% at Chase carrying an APR of 3.049%. ARMs in the 7 year refinance category have been published at 2.750% with an APR of 3.039%.