Citibank Starting New Week With Strong Home Purchase and Refinance Mortgage Rates
While general mortgage rates across the US may be something of a far cry from the record lows hit during weeks gone by, Citibank (NYSE:C) is one of many lenders once again reminding borrowers that there is still plenty of opportunity to lock in an excellent rate. While the rates advertised this Monday may in some cases have displayed minor upward movement, when considered again years and even decades gone by, they are still quite impressively low.
First looking at the most popular packages available today from Citibank for new and used home purchase, the 30 year fixed rate mortgage option can be taken out for 4.125% and an APR amounting to 4.470%, while the 15 year package on the other hand is offering similarly high value at 3.375% and an APR of 3.933%.
Refinance deals this Monday have the very real potential to save millions of homeowners considerable sums on their existing terms, with the 30 year fixed refinance package available for 4.125% and an APR of 4.470%, while the 15 year refinance deal can be locked in for an attractive 3.375% and APR amounting to 3.933%.
Despite the fact that more fractional though continual rises have been predicted for the rest of the week, this has done little to tempt potential buyers off the sidelines at a time when the Market needs a boom so very desperately.
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