Digital News Report – Loan Refinancing rates were lower at Citi, PNC and Chase banks today. Bank of America raised some of their rates.
Refinance rates may differ from new purchase rates. The rates may vary with the home value, location and the customer’s credit score.
Citibank lowered their 30-year refinance rates eight points to 4.66 percent. PNC lowered their refinance rate one point to 4.46 percent. Chase also lowered their rate but Bank of America raised their 30-year rates six points to 4.474 percent.
Citibank lowered their 15-year refinance rate five points to 4.28 percent. The PNC and Chase 15-year loan rates remained unchanged today.
Citi kept their 5/1 ARM rate the same but Chase lowered their rate one point to 3.14%. Bank of America lowered their rate one point to 3.173.
By: Tina Brown