The benchmark 30 year fixed rate loans at Suntrust Banks (NYSE:STI) can be had for 3.625% today and an APR of 3.734%. The FHA version of the 30 year loans are coming out at 3.625% at the bank carrying an APR of 4.625%. The shorter term 15 year FRM interest rates start at 2.800% at the bank yielding an APR of 3.013% today.
ARM loans in the 5 year category at Suntrust are being offered for 2.400% with a starting APR of 2.895%. The 7/1 Adjustable Rate Mortgages are listed at 2.625% with an APR of 2.935%.