Mortgage Rates Today: Citibank Begins Week with Excellent Deals on Popular Packages
As is the case with all other major US lenders, Citibank (NYSE:C) has started the new week exactly as the previous week ended – offering a range of attractive and low mortgage rates covering come of the most popular products in both purchase and refinance areas. According to the official figures released for last week, the national average mortgage rate has once again hit record lows for many products, signaling that the time to strike a deal is very much right now.
For those looking to Citibank to secure a mortgage for the purposes of home purchase, 30 year fixed term deals can today be secured for 3.875% with an APR of 4.193%, while the 15 year term is offering similarly excellent value at 3.250% with an attached APR of 3.806%.
Refinance deals at Citibank are also excellent value as of today, with 30 year fixed term deals being offered for as low as 3.875% with an APR of 4.193%, while the 15 year deal with the potential to offer even further savings is today at 3.250% with an APR of 3.806%.
While all signs and signals would seem to point toward something of a boom in interest from consumers regarding mortgage products across the board, it would in fact appear that the opposite has proved true. Not only has the level of activity in the refinance world tapered off quite significantly, but the market for new home purchases is well on track from its worst year of performance in the past 14.
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