The purchase and refinance mortgage rates from CitiGroup (NYSE: C) has been published to their website for today, October 11, 2013. This comes ahead of the Q3 report which UBS analysts expect to fall 7% from Q2.
The note released by UBS explained, “Our caution is driven by revenues where we have third quarter down 7 percent versus the second quarter,” they continued, “While our forecasts are consistent with what we expect at other large banks, we think Citi will be less aggressive in releasing provision reserves – so more of the decline could fall to the bottom line at Citi than at peers.”
Citi shares have risen 21% for the year to date.
When it comes to the mortgage rates today the 30 year fixed rate refinance is listed at a decreased rate from yesterday at 4.375%. The accompanying APR (total cost of your mortgage including interest rates, closing costs, and fees over full term and expressed as a yearly rate) also exhibits a slight step down to 4.513%.
The 15 year fixed rate refinance is sitting at a rate of 3.625% today and the corresponding APR 3.770% today. Both rates remain unchanged.
Borrowers will find the 30 year purchase rate today at 4.375% with an APR rate of 4.486%.
Meanwhile, the 15 year purchase rate category from Citigroup has yielded a 3.500% interest rate, along with an APR rate of 3.672%.
The rates released by Citigroup are based on a “$200,000 single family primary residence in Los Angeles, California with a $150,000 mortgage and a purchase interest rate of 4.375%.”
Interested borrowers should call the lender on their toll-free number at 1800-248-4638.
Disclaimer: The advertised rates were submitted by each individual lender/broker on the date indicated. Rate/APR terms offered by advertisers may differ from those listed above based on the creditworthiness of the borrower and other differences between an individual loan and the loan criteria used for the quotes.
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