30 year loans are being offered for 3.625% at Suntrust Banks (NYSE:STI) and an APR of 3.734%. The FHA options for the 30 year loans are on the books at 3.625% with a rather higher APR of 4.625%. The shorter term 15 year FRMs are on the books at 2.800% and APR of 3.013%.
As far as ARMs go, 5 year interest rates are coming out at 2.400% at Suntrust yielding an APR of 2.895%. The 7/1 ARM loans are on the books at 2.625% today and the APR is 2.935%.