Standard 30 year FRMs at Suntrust Banks (NYSE:STI) have been quoted at 3.625% and an APR of 3.734%. The lower FHA 30 year mortgage interest rates are published at 3.625% at the bank with an APR of 4.625%. The shorter term 15 year fixed rate loans have been listed at 2.800% at the bank today and an APR of 3.013%.
The 5/1 ARM loans are listed at 2.400% at Suntrust and an APR of 2.895%. ARMs and their APRs change as interest rates move up and down. The 7 year Adjustable Rate Mortgages stand at 2.625% currently carrying an APR of 2.935%.