Citigroup Purchase and Refinance Mortgage Rates Increase Again – October 10, 2013

Citigroup Mortgage Rates Increase Again – October 10  2013CitiGroup (NYSE: C) has published their purchase and refinance rates for today, October, 10, 2013. Continuing on a similar pattern we’ve seen this past week, the rates have once again increased across the board.

In other news, CNBC reported late yesterday afternoon, “Citigroup’s revenue for the third-quarter is projected to total $18.796 billion, down from $20.479 billion the previous quarter, but up considerably from $13.951 billion a year earlier, which included a $4.7 billion pre-tax hit from the write-down of Citi’s share of the joint venture, which the company was preparing to sell to Morgan Stanley.”

This lender, which is touted as one of “The Big Four” banks – along with JP Morgan Chase, Wells Fargo and Bank of America – has a whole range of information available on their website for interested borrowers in addition to the below rates.

The refinance 30 year fixed rate was released at 4.500% today, and accompanying that rate is the APR (total cost of your mortgage including interest rates, closing costs, and fees over full term and expressed as a yearly rate) of 4.585%.

Both rates increased from yesterday.

The 15 year fixed rate refinance experienced growth and is sitting at a rate of 3.625% today. The same goes to say about the corresponding APR which stands at 3.770% today, also an increase from yesterday.

Borrowers will find the 30 year purchase rate today at 4.375% with an APR rate of 4.497%. In the 15 year refinance rate category, Citigroup has yielded a 3.500% interest rate, alongside the rate of 3.672% for the APR.

Citigroup has made a payment amount example available on their 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 to speak with a certified mortgage specialist. The toll-free number is listed 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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About the author

L.J is a contributor covering financial mortgage rates. A freelance writer for various online publications with a great interest in real estate investment.