Slight upticks in the mortgage rates on offer at Bank of America (NYSE:BAC) today have seen the lender slip down the rankings, allowing Citibank (NYSE:C) for one to take a notable lead once again.
Bank of America
Starting off with Bank of America and home purchase mortgage rates over 30 years are being offered for a fixed rate of 3.375% and an APR of 3.523%, while those opting for the 15 year variant can expect to pay 2.875% and APR of 3.179%.
The 7/1 ARM for home purchase this morning starts at 2.750% and APR of 3.118% variable, while the 5/1 ARM can be taken home with an opening rate of 2.500% and an APR amounting to 3.084% variable
With regard to refinance mortgage rates, Bank of America is offering the 30 year fixed rate loan from as little as 3.750% and APR of 3.919%, while the shorter 15 year version remains an excellent choice at 2.875% and APR of 3.229%.
Those opting for the 7/1 ARM for refinancing can expect to pay 2.875% to start and APR of 3.204% variable, while the 5/1 ARM opens at a low 2.750% and carries an APR of 3.178% variable.
Citibank has stepped ahead of the crowd today with some of the very best home purchase mortgage rates on the market. The benchmark 30 year fixed rate loan interest rates are coming out at 3.250% at Citi Mortgage (NYSE:C) today with an APR of 3.424%. Popular 15 year loan interest rates at the bank have been quoted at 2.500% with an APR of 2.845%.
The benchmark 30 year refinance FRM interest rates at Citibank are published at 3.500% yielding an APR of 3.650% today. The shorter term 15 year refi loan interest rates can be had for 2.875% and APR of 3.141% today.