Mortgage Rates Today: Citibank Daily Averages Slightly Up

September 29, 2011 / Russell Legato, Residential Property Analyst

Citibank (NYSE:C) has continued the pattern established during the early stages of the week by today offering a range of mortgage products that are once again slightly up on those from the previous days, though still remain highly competitive and in line with all other major lenders.

Mortgage Rates Today: Citibank Daily Averages Slightly Up

For borrowers looking for the best available terms to secure a new or used home, 30 year fixed rate terms are today being offered at a rate of 4.125% which equates to an APR of 4.537%, while the equally popular 15 year fixed term deal is today available for 3.375% with a resulting APR of 3.819%.

Refinance deals are also following suit by showing slight increases from the record lows seen recently, though remain low enough to save borrowers thousands on their current terms. In the case of the 30 year fixed term deal for refinances the interest rate is at 4.125% with an APR of 4.537%, while the 15 year term is today at 3.375% with an APR of 3.819%.

While the chance may have passed for US consumers to secure the most attractive new purchase and refinance rates seen since records began, even the rally of increases this week has not prevented deals being offered that are among some of the lowest seen in the past 60 years.

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