Updated Mortgage Rates from Citi
Published by Richard Valdez | Bay Area Real Estate | www.RichardValdezRE.com
Stay Informed with the Latest Mortgage Rates
Here’s the latest mortgage rate update from Citi. I’ll continue posting the most current rates here as I receive them — to help you stay informed about changing loan programs, interest trends, and financing options for your next home purchase or refinance.
Current Citi Mortgage Rates
Below are the most recent rates available. Each rate includes both an interest rate and an APR (Annual Percentage Rate):
The interest rate determines your monthly mortgage payment.
The APR includes the interest rate plus lender fees and closing costs, showing the true cost of borrowing over the life of the loan.
Understanding both numbers helps you make an apples-to-apples comparison between lenders.
Current Rates:
30-Year Fixed Rate: 6.375% (APR 6.376) — steady monthly payments for the life of the loan
10/6 ARM: 5.750% (APR 6.212) — fixed for 10 years, then adjusts every 6 months
7/6 ARM: 5.500% (APR 6.282) — fixed for 7 years, then adjusts every 6 months
5/6 ARM: 5.500% (APR 6.403) — fixed for 5 years, then adjusts every 6 months
30-Year Fixed (Interest-Only for 10 Years): 6.250% (APR 6.282) — pay interest only for the first 10 years, then switch to full payments
Citi Financing Options
Up to 80% financing for loans up to $3 million
Up to 75% financing for loans up to $5 million
Up to 85% financing for loans up to $2 million — no mortgage insurance required
Up to 89.99% financing for loans up to $2 million — with reduced mortgage insurance
These are relationship pricing tiers, meaning you may qualify for better rates if you maintain other accounts or investments with Citi.
What This Means for Buyers and Homeowners
Mortgage rates continue to shift as markets respond to inflation, Federal Reserve policy, and housing demand. Whether you’re buying, refinancing, or investing, understanding both the interest rate and the APR can help you choose the right loan and avoid hidden costs.
I’ll post updated Citi mortgage rates weekly, so check back often for the latest numbers and insights tailored to the San Francisco Bay Area and California luxury home markets.
Mortgage Rate FAQs
What’s the difference between a fixed-rate and an adjustable-rate mortgage (ARM)?
A fixed-rate mortgage keeps the same interest rate for the entire term, giving you predictable monthly payments.
An ARM (adjustable-rate mortgage) starts with a lower fixed rate for a set period (like 5, 7, or 10 years), then adjusts periodically based on market conditions.
How often do mortgage rates change?
Mortgage rates can change daily, depending on market conditions, inflation data, and Federal Reserve announcements. That’s why I post updates as soon as I receive them from Citi and other trusted lenders.
What does “interest-only” mean?
An interest-only loan allows you to pay just the interest for a set number of years (often 10), keeping initial payments lower. After that period, you start paying both principal and interest, which increases your monthly payment.
How can I qualify for the best rate?
Lenders often offer better rates to borrowers with strong credit scores, stable income, and a healthy down payment. You may also get relationship pricing discounts if you have other accounts with Citi, such as checking, savings, or investment accounts.
