Citibank (NYSE:C) is one of the major lenders of the US that has show little movement in mortgage rates across the board today, as national averages have occasionally appeared to be heading for the skies but once again bottomed out with minimal increases. As is the patter, the days of the best deals seen in 60 years may be well and truly over, but there is still no reason why millions cannot benefit from massively low terms and save a small fortune on their current packages.
With regard to the options being made available by Citibank this Thursday, 30 year fixed term contracts can be taken out for 4.000% which amounts to a resulting APR of 4.277%, while the popular 15 year fixed term on the other hand can be secured for 3.250% with a resulting APR of 3.844%.
There has also never been a more appropriate time to lock in an excellent fixed refinance deal while the rates are still so low, with the 30 year fixed term loan being offered today for as little as 4.000% with an APR of 4.277%, while those interested in clearing their balances even faster with a 15 year fixed rate refinance can do exactly that for 3.250% and an APR of 3.844%.
Minor fluctuations in both directions have resulted in a situation where it is almost impossible to predict which way the national averages will go over the coming weeks, but in order to ensure that a truly golden time is not missed out on, the general advice is to invest now to avoid paying later.