The benchmark 30 year fixed rate loans are available starting at 3.625% at Suntrust Banks (NYSE:STI) yielding an APR of 3.734% today. The best 30 year FHA FRM interest rates are 3.625% with a rather higher APR of 4.625%. Shorter term, popular 15 year loans are being offered for 2.800% with an APR of 3.013% today.
5/1 Adjustable Rate Mortgages at Suntrust have been quoted at 2.400% and the APR is 2.895% on initial purchase. The 7 year ARM loans can be had for 2.625% showing an APR of 2.935%.