Home Mortgage Loan Rates – CitiMortgage Offering Low Mortgage Rates?
Posted on | November 13, 2009 | 1 Comment
Home mortgage loan rates are currently the lowest they have been since May. CittMortgage along with many other mortgage lenders have been advertising extremely low mortgage rates to attract customers. Many banks and financial institutions have struggled through the credit crisis and are doing anything they can to get more customers not only with their mortgage business but with their banking business.
CitiMortgage has worked very hard to get their name out there when it comes to home loans. Being one of the big four banks they need to do what is necessary to make sure that their customers understand what options are available for them when it comes to the home mortgage industry. Prior to the credit crisis there were many more mortgage lenders but the industry has greatly consolidated with the amount of lenders that have went under.
Most major mortgage lenders offer mortgage rates that are very close to the average mortgage rate. Currently we are seeing the 30 year fixed mortgage rate around 4.71% this is one of the lowest levels we have seen in the history of the United States. The all-time low is 4.61% so as you can see now is a great time to get a mortgage.
If you have been thinking about getting your first home or maybe refinancing your current home mortgage now is the time to take action. With CitiMortgage, Bank of America, and Wells Fargo advertising very hard it seems likely that they are willing to work with you to give you a reasonable mortgage interest rate. This may not happen in every branch but it is likely to happen throughout the United States as a whole.
Do not let this opportunity pass you by. With mortgage interest rates near all-time lows you could end up saving tens of thousands of dollars over the course of your home loan. There is a very good chance that mortgage interest rates will start to increase after March of 2010 when the Federal Reserve stops buying mortgage-backed securities. Do not wait until these low mortgage rates are over.
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Author: Tiffany Mann
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One Response to “Home Mortgage Loan Rates – CitiMortgage Offering Low Mortgage Rates?”
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December 8th, 2009 @ 8:32 pm
Wells Fargo, Citimortgage, Bank Of America, get your act together, and get your customer’s out of their longer than planned trial periods and complete their mortgage modifications! Guess what, the Treasury Dept is going to start publishing stats on “completed” modifications. You are all going to embarrass yourselves when they compare how many you have bragged about on the trial period the last few months to how many you have actually completed!