Slight upticks at Citibank (NYSE:C) and Bank of America (NYSE:BAC) earlier this week may have put an end to record lows, but the weekend as a whole has seen both lenders offering incredible value home purchase and refinance mortgage packages right at the upper-end of the market.
Bank of America
30 year loans are listed at 3.250% at Bank of America (NYSE:BAC) today with an APR of 3.446%. Popular 15 year FRM interest rates are published at 2.750% today carrying an APR of 3.086%.
The 5/1 ARM loans at Bank of America are being quoted at 2.500% with an APR of 3.092%. The 7/1 ARM interest rates stand at 2.750% currently yielding an APR of 3.116%.
The benchmark 30 year fixed rate mortgages at Citi Mortgage (NYSE:C) have been offered at 3.250% and APR of 3.404%. Popular 15 year FRM interest rates at the bank have been quoted at 2.500% and APR of 2.827% today.
The best 30 year refinance fixed rate mortgages at Citi Mortgage are being offered for 3.375% with an APR of 3.555% today. The short term, popular 15 year refinance FRMs are listed at 2.875% today yielding an APR of 3.123%.