The best 30 year FRMs have been offered at 3.625% at Suntrust Banks (NYSE:STI) with an APR of 3.734% today. 30 year FHA fixed rate loans have been published at 3.625% at the bank yielding a bit higher APR than the conventional loan of 4.625%. Shorter term 15 year loan deals are published at 2.800% today carrying an APR of 3.013%.
ARM interest rates in the 5 year category at Suntrust are being quoted at 2.400% with a starting APR of 2.895% which will change as interest rates adjust. 7/1 ARMs have been published at 2.625% today and an APR of 2.935%.