Citibank Mortgage Rates: Tuesday Morning Showing Huge Promise for Home Purchase and Refinance Deals
There
is little denying the fact that predicting the movements of the housing market in this day and age is a little akin to rolling the dice and hoping for the best, though as Citibank (NYSE:C) is again reminding us today, excellent news for the borrower may always be just around the corner. Indeed, taking today as a prime example, not only are rates across the board showing excellent value for money, but they are in fact also teetering around all time record low levels established in the first week of October.
With regard to a number of the specifics, Citibank is today offering the standard 30 year fixed rate home purchase loan at a rate of 4.000% and APR of 4.299%, while the shorter 15 year deal is equally attractive at a rate this Tuesday of 3.250% and APR of 3.884%.
Adjustable rates of course remain the tools of choice for many a borrower, though in the case of refinance deals available today from Citibank, the very best value of all is to be found in the standard 30 year fixed loan which can be locked in for 4.000% and APR of 4.299%, while 15 year deals on the other hand can see balances cleared for 3.250% and APR of 3.884%.
Needless to say there is of course no saying that the rates will not continue to fall further before bottoming out entirely, but in order to avoid missing out on this second chance a near all time low rates, borrowers are once again being advised to consider acting sooner rather than later.
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