30 year FRM interest rates start at 3.490% at Suntrust Banks (NYSE:STI) today carrying an APR of 3.651%. The FHA options for the 30 year mortgages have been listed at 3.500% at the bank yielding a bit higher APR than the conventional loan of 4.497%. Popular 15 year loan interest rates are being quoted at 2.800% yielding an APR of 2.984% today.
5 year ARM loans are available starting at 2.400% at Suntrust yielding an APR of 2.899% to start. The 7/1 ARM deals have been quoted at 2.625% currently with an APR of 2.942%.