The benchmark 30 year FRMs at Suntrust Banks (NYSE:STI) are being quoted at 3.490% today with an APR of 3.651%. The lower FHA 30 year loans are on the books at 3.500% at the bank and an APR of 4.497%. The short term, popular 15 year FRMs are on the books at 2.800% and APR of 2.984% today.
The 5/1 ARMS have been listed at 2.400% at Suntrust with an APR of 2.899% to start. The 7 year ARMs are coming out at 2.625% and an APR of 2.942%.