30 year loan interest rates are on the books at 3.625% at Suntrust Banks (NYSE:STI) and an APR of 3.734%. The FHA options for the 30 year loans are available starting at 3.625% at the bank yielding an APR of 4.625%. Shorter term 15 year fixed rate mortgage interest rates are available starting at 2.800% at the bank today carrying an APR of 3.013%.
5 year ARMs at Suntrust have been quoted at 2.400% yielding an APR of 2.895% at present. The 7/1 ARM interest rates have been quoted at 2.625% with a starting APR of 2.935%.