Mortgage Rates Today: Citibank Mortgage Deals Continue Strong Run, if Slightly Up

October 10, 2011 / Russell Legato, Residential Property Analyst

Citibank (NYSE:C) is offering a range of attractive mortgage packages for Monday which although slightly up from the incredible lows of last week, are still some of the lowest seen in decades. Needless to say, most market experts and observers have concluded that the only way the rates will go over the coming days is up, but even with a rally of the fractional rises seen recently, there is little reason to expect the chance of securing an excellent deal to pass anytime soon.

Mortgage Rates Today: Citibank Mortgage Deals Continue Strong Run, if Slightly Up

With regard to Citibank’s Monday offers for new and used home purchases, the 30 year fixed term deal can be taken out today with and interest rate of 4.125% and an APR of 4.426%, while the 15 year package on the other hand can be locked in with an interest rate of 3.500% and a resulting APR of 4.060%.

Refinance deals are also showing excellent value for money today, with the 30 year fixed term deal offering hug potential with an interest rate of 4.125% and a resulting APR of 4.436%, while the alternative 15 year term to clear balances even faster is at 3.500% and an APR of 4.060%.

It of course goes without saying that a time will eventually arrive where the incredible deals come to an end, but for the time being at least there are still abundant packages on offer with the potential to save borrowers a small fortune.

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