The benchmark 30 year loan interest rates are published at 3.490% at Suntrust Banks (NYSE:STI) and APR of 3.646%. The typically lower FHA 30 year mortgage interest rates are coming out at 3.500% at the bank yielding a bit higher APR than the conventional loan of 4.490%. The shorter term, popular 15 year loan interest rates at the bank are 2.800% today with an APR of 2.981%.
As far as ARMs go, 5 year deals are being offered for 2.400% at Suntrust and APR of 2.895%. 7 year ARM loans are being quoted at 2.625% today with a starting APR of 2.936%.