Thriving Citigroup Releases Their Mortgage Rates: October 2, 2013

Citigroup Releases Their Mortgage Rates October 2 2013Known as one of the most popular banking institutions in the world, and with over 200 years of experience under its belt, Citigroup is definitely heading for a positive incline.

Starting with just about $2 million in capital, this international institution has already reached their $2 trillion milestone and is quickly on its way to reaching the $3 trillion mark.

CitiGroup (NYSE: C), the Citi that never sleeps, announced their mortgage rates for October 2, 2013 in the early morning hours when most of The US population was still sleeping.

If you prefer to hear the rates or discuss it in detail with a mortgage specialist, simply call their toll-free number at 1800-248-4638. There is also a customizable mortgage rate calculator available on the Citigroup website.

The benchmark 30 year fixed rate was released at 4.250% 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 4.382%.

The 15 year fixed rate stays at 3.375%, the same figure from yesterday, October 1, 2013. The same goes to say about the corresponding APR which stands at 3.638% today.

Borrowers will find the 30 year refinance rate today at 4.375% with an APR rate of 4.481%.

In the 15 year refinance rate category, Citigroup has yielded a 3.500% interest rate, alongside the rate of 3.699% for the APR.

Citigroup is displaying a payment example to go along with the mortgage rates on their website. This monthly payment schedule is being based on a “$200,000 single family primary residence in Los Angeles, California with a $150,000 mortgage and an interest rate of 4.375%.”

Another useful tool Citi has made available to the public is their “Mortgage Classroom” which is an in-depth guide to mortgages.

The guide also comes fitted with mortgage calculators and a full glossary.

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.