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Digital News Report – Chase bank had lower refinancing rates compared to Citi-bank and Bank of America. Citi Financial had a 30-year fixed mortgage refinance rate of 4.81 percent today, compared to 4.661 percent at Bank of America and 4.471 percent at Chase.
These are refinance rates, not new purchase rates. Not all banks publish a separate refinance rate. In some cases the refinance rate may be higher or lower.
Chase also had a lower 15-year fixed refinance loan rate. Chase was 3.915 percent and Citi Bank was 4.40 percent.
Chase had a lower adjustable rate refinance rate. Chase had a 5/1 adjustable mortgage rate of 3.151 percent, Bank of America had a rate of 3.225 percent and CitiFinancial had a rate of 3.35 percent.
By: Tina Brown