Home purchase mortgage rates are generally on the up today across the US, with major lenders including Bank of America (NYSE:BAC) and Citibank (NYSE:C) now publishing slightly higher rates than those of yesterday.
Bank of America
The best 30 year loan interest rates are being quoted at 3.375% at Bank of America (NYSE:BAC) carrying an APR of 3.500% today. The shorter term, popular 15 year FRMs start at 2.750% and an APR of 3.028%.
The 5/1 ARMS at Bank of America are 2.500% with a starting APR of 3.041%.
Standard 30 year refinance fixed rate loan interest rates have been quoted at 3.500% at Bank of America and APR of 3.626% today. The short term 15 year refinance loan deals at the bank have been listed at 2.750% today yielding an APR of 2.955%. The 5 year refinance ARM deals are being quoted at 2.375% at Bank of America carrying an APR of 2.999%.
30 year fixed rate loan interest rates at Citi Mortgage (NYSE:C) are on the books at 3.375% and an APR of 3.530%. The shorter term, popular 15 year fixed rate mortgages at the bank have been offered at 2.625% today carrying an APR of 2.971%.
The best 30 year refinance FRMs at Citi Mortgage start at 3.500% and APR of 3.650% today. Shorter term 15 year refi FRM interest rates are being quoted at 2.875% at the bank carrying an APR of 3.141% today.