The best 30 year loans are coming out at 3.625% at Suntrust Banks (NYSE:STI) yielding an APR of 3.734% today. The FHA options for the 30 year mortgages are available starting at 3.625% at the bank with a bit higher APR of 4.625%. The shorter term 15 year FRMs can be had for 2.800% with an APR of 3.013%.
The 5/1 ARM deals are published at 2.400% at Suntrust carrying an APR of 2.895%. ARM interest rates in the 7 year category are on the books at 2.625% today yielding an APR of 2.935%.