CitiMortgage Slashes Interest Rates on Jumbo Mortgages

If you are interested in getting a great Mortgage Rate and work with an established mortgage broker in Dallas, then this Mortgage Video and the article it points to will help you to make a sound decision.. CitiMortgage Slashes Interest Rates on Jumbo Mortgages.

The mystery of cheap jumbo mortgages – The interest rate on jumbo mortgages actually fell below the interest rate of the. jumbo loans are those from $417,001 to around $750,000 (some banks only price jumbo loans to $650,000 and others.

Your start rate is usually lower than the interest rate on a Fixed Rate mortgage. Your interest rate may decrease or stay the same when it is adjusted. Risks : Your interest rate is usually higher than the start rate on an Adjustable Rate mortgage. The interest rate stays the same for the entire life of the mortgage, even if market interest rates decline. If the index increases, your interest rate and monthly payment will increase.

Citi MortgageJumbo Rates. Unlike other lenders that have limited options for borrowers who need a mortgage of over $417,000, CitiMortgage "jumbo" mortgage rates are easy to secure. They offer five different programs including 15 and 30-year fixed mortgages and adjustable rate mortgages with five, seven or 10-year fixed periods.

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CitiMortgage Slashes Interest Rates on Jumbo Mortgages – As of today, Citi will offer 30-year fixed-rate jumbo mortgages at 5.625%. It will also offer five-year adjustable-rate mortgages at 4.875%. It will also offer five-year adjustable-rate mortgages at 4.875%.

Jumbo Loans | Jumbo Mortgage Loan | U.S. Bank – Jumbo mortgages can exceed the conforming loan limit, currently $484,350 in most parts of the united states. competitive rates. jumbo loan rates have reached historic lows in recent years, and the interest on loans up to.

New and existing Citi customers may qualify for lower interest rates or discounted closing cost on a mortgage. Learn about city Mortgage Relationship Pricing Citi Mortgage Relationship Pricing – Citi.com

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Lower jumbo rates. Historically, the rates for jumbo mortgages were much higher than conforming loans, but as lenders returned to offering jumbo mortgages, the fixed-rates have been equal to or slightly above the conforming loan rates. The 30-year fixed rate for a jumbo mortgage averaged 4.15 percent for the past 52 weeks,