Mortgage Rates Roundup Today: Wells Fargo (NYSE:WFC) And Citibank (NYSE:C) Home Purchase Rates Continue Extraordinary Run
Although, mortgage applications saw a decline in the last week of December 2011, the extraordinary run of low rates continues nationwide.
For those who are looking to purchase a new or used home and in need of loan, might find their ideal solution at Wells Fargo (NYSE:WFC), as the bank today offers the 30-year fixed rate mortgage deal for as low as 3.875% and an APR variable of 4.042%. In case of the 15-year fixed alternative, Wells Fargo advertises it at a rate of 3.250% and an APR of 3.543%.
Similarly like Wells Fargo, Citibank (NYSE:C) tries to attract more borrowers with some of the most competitive rates that are available in the industry today.
In particular, the 30-year FRM deal for home purchase could be appealing for many, as the said package can be obtained today at Citibank for as low as 3.875% and an annual percentage rate of 4.215%. Furthermore, the shorter 15-year fixed rate loan has a good value as well, as it carries a rate of 3.250% and an APR variable of 3.693%.
Nevertheless, it’s hard to predict what the future brings and how long the current run of record low mortgage rates will last. One thing is for sure, that the said rates combined with some of the lowest house prices that are available today, could bring some incredible bargains to say the least for those who are willing to take the plunge.
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