There has been little to no significant movement over the past 24-hour period at Bank of America (NYSE:BAC) and Citibank (NYSE:C), which in turn translates as another day of quite epic bargains for those looking to snag a near record-low home purchase or refinance deal.
Bank of America
30 year FRMs are available starting at 3.250% at Bank of America (NYSE:BAC) today carrying an APR of 3.453%. Popular 15 year loan interest rates have been quoted at 2.875% at the bank with an APR of 3.169% today.
5/1 ARM loans at Bank of America have been offered at 2.500% and an APR of 3.089%. ARMs and their APRs change as interest rates move up and down. The 7 year ARM interest rates are 2.750% currently with a starting APR of 3.123%.
Standard 30 year refinance loans start at 3.750% at Bank of America and APR of 3.933% today. The shorter term, popular 15 year refi fixed rate loan interest rates at the bank are available starting at 3.000% carrying an APR of 3.326% today.
In the ARM arena, 5 year refi loans at Bank of America start at 2.750% with a starting APR of 3.173%. The 7/1 Adjustable Rate Mortgage interest rates are being quoted at 2.875% with an APR of 3.208%.
30 year loan interest rates at Citi Mortgage (NYSE:C) have been published at 3.125% with an APR of 3.318%. The short term 15 year fixed rate mortgages are coming out at 2.500% with an APR of 2.845% today.
The benchmark 30 year refinance FRMs at Citibank are on the books at 3.375% yielding an APR of 3.535%. Shorter term, popular 15 year refinance fixed rate mortgage interest rates are being quoted at 2.875% yielding an APR of 3.123%.