Bank of America (NYSE:BAC) has begun the new week offering the same lows as the weekend just gone, while SunTrust (NYSE:STI) remains just fractionally behind in terms of overall value for money.
Bank of America
30 year fixed rate mortgage interest rates at Bank of America (NYSE:BAC) are 3.250% yielding an APR of 3.415%. The short term, popular 15 year loan interest rates have been quoted at 2.750% and APR of 3.028%.
The 5/1 Adjustable Rate Mortgage interest rates start at 2.500% at BoA with an APR of 3.051% to start.
Standard 30 year refinance fixed rate mortgage interest rates are being quoted at 3.500% at BoA with an APR of 3.616%. Shorter term, popular 15 year refi fixed rate loans are 2.750% today with an APR of 2.973%. The 5 year refinance ARM interest rates at Bank of America start at 2.500% with an APR of 3.041%.
30 year loan interest rates have been published at 3.375% at Suntrust Banks (NYSE:STI) and APR of 3.477%. The typically lower FHA 30 year mortgage interest rates are published at 3.200% and APR of 4.295%. Shorter term 15 year fixed rate loan interest rates are listed at 2.700% at the bank today yielding an APR of 2.891%.
5/1 ARMs at Suntrust are 2.300% with a starting APR of 2.939% which will change as interest rates adjust. ARM loans in the 7 year category are listed at 2.400% currently and an APR of 2.921%.