Citibank (NYSE:C) is to close the week slightly behind Bank of America (NYSE:BAC), though both lenders are continuing to offer some of the strongest value for money on the market as a whole.
Bank of America
The benchmark 30 year fixed rate mortgages are coming out at 3.250% at Bank of America (NYSE:BAC) and an APR of 3.415%. The shorter term, popular 15 year FRMs at the bank start at 2.750% and APR of 3.028%.
As far as ARMs go, 5 year loans at BoA are available starting at 2.500% yielding an APR of 3.051% to start.
The best 30 year refinance loans are being quoted at 3.500% at BoA carrying an APR of 3.616% today. Shorter term 15 year refinance loan interest rates stand at 2.750% today yielding an APR of 2.973%.
ARMs in the 5 year refi category are on the books at 2.500% at BoA. with an APR of 3.041%.
The benchmark 30 year loan interest rates can be had for 3.375% at Citi Mortgage (NYSE:C) today with an APR of 3.530%. Popular 15 year FRMs at the bank are available starting at 2.750% with an APR of 3.006% today.
30 year refinance fixed rate loan interest rates stand at 3.500% at Citibank and an APR of 3.640% today. Popular 15 year refi loan interest rates are listed at 2.875% today with an APR of 3.123%.