Skip to content
Digital News Report Logo
Menu
  • News
  • Business
  • Science
  • Entertainment
  • Health
  • Sports
  • Audio Books
  • Quizzes
  • Videos
Menu

Home » Business » Refinance Mortgage Rates Today – Trend Is Downward

Refinance Mortgage Rates Today – Trend Is Downward

By Tina Brown on January 9, 2011
alt text

Digital News Report – Refinance loan rates were lower again today with decreases at Chase and Citibank (see chart).

The average 30-year fixed rate mortgage (FRM) refinance rate fell five basis points to 4.9431%. Our last survey found rates rising the trend has moved downward again. The average 15-year fixed refinance rate fell one point to 4.4051% and the average adjustable rate mortgage fell seven points to 3.2530%.

The lowest rate for refinance was provided by Chase Bank. Many banks offer separate loan rates for refinancing. They may be different from their purchase loan rates. When a homeowner refinances, the old mortgage is paid off and a new one takes its place. In some instances a second or third loans could be paid off and other debt could be consolidated into one loan.

Chase had a 30-year refinance rate of 4.84%. The rate will depend on the borrowers credit score. Customers with bad credit could pay more. Chase also offered their 15-year refinance loans at 4.17%. Their 5-year adjustable mortgage rate was 3.37%.

Bank of America had a refinance rate of 4.923%. The bank also offers 5-Year ARMS for 3.254%.

Citibank had a 30-year rate of 5.09%. The bank also offers 15-year refinancing loans for 4.61% and 5-year adjustable loans (30-year terms) for 3.41%.

By Tina Brown

REFINANCE RATES
1/9/2011 Citi Bank PNC Bank of America Chase Bank
30-Year Fixed 5.09% 4.99% 4.923 4.84%
15-Year Fixed 4.61% 4.48% NA 4.17%
5-Year Adjustable 3.41% NA 3.254 3.37%

  1. Current Refinance Mortgage Rates May Be In Upward Trend
  2. Refinance Mortgage Loan Rates Trend Upward This Week
  3. Refinance Mortgage Rates Today
  4. Refinance Mortgage Rates
  5. Refinance Mortgage Rates Today

Live Results Search

Categories

Important Information

This site is for informational purposes only.  Always check with your doctor or  legal council before making any medical or legal decisions.

loader-image
San Francisco, US
7:13 am, May 13, 2025
temperature icon 51°F
broken clouds
Humidity 85 %
Pressure 1016 mb
Wind 9 mph
Wind Gust: 11 mph
Visibility: 10 km
Sunrise: 6:01 am
Sunset: 8:10 pm
Weather from OpenWeatherMap

 

©2025 Digital News Report | Design: Newspaperly WordPress Theme