Slight upticks in mortgage rates at Citibank (NYSE:C) have drawn an end to the lender’s recent record-lows and put them on a level pegging with Bank of America (NYSE:BAC) today. Aside from minor fluctuation, BofA has remained rock-solid all week and looks set to continue as such for the weekend ahead.
Standard 30 year loan interest rates at Bank of America (NYSE:BAC) have been offered at 3.250% today yielding an APR of 3.465%. The shorter term 15 year FRMs can be had for 2.875% and APR of 3.153% today.
Bank of America
ARM interest rates in the 5 year category have been published at 2.500% at Bank of America and an APR of 3.090%. 7/1 ARM loans are on the books at 2.750% and APR of 3.114%.
30 year refinance loan interest rates at Bank of America are published at 3.750% today and an APR of 3.945%. The shorter term 15 year refinance FRMs stand at 3.000% at the bank yielding an APR of 3.310%. 5/1 ARM loans have been quoted at 2.750% at Bank of America with an APR of 3.184% to start. ARM loans in the 7 year refi category have been quoted at 2.875% currently with a starting APR of 3.210%.
The best 30 year loan interest rates are published at 3.250% at Citi Mortgage (NYSE:C) carrying an APR of 3.434% today. The short term 15 year FRM interest rates are 2.500% carrying an APR of 2.827% today.
The benchmark 30 year refinance FRMs have been offered at 3.375% at Citibank and an APR of 3.545%. 15 year refi fixed rate loans at the bank are 2.875% yielding an APR of 3.123% today.