Standard 30 year loan deals have been published at 3.625% at Suntrust Banks (NYSE:STI) and APR of 3.734%. The FHA options for the 30 year loans at the bank have been quoted at 3.625% with an APR of 4.625%. Shorter term, popular 15 year FRMs at the bank have been offered at 2.800% carrying an APR of 3.013%.
The 5 year ARM loans are available starting at 2.400% at Suntrust and the APR is 2.895%. 7/1 ARM interest rates have been listed at 2.625% today yielding an APR of 2.935% to start.