30 year fixed rate mortgages at Suntrust Banks (NYSE:STI) stand at 3.600% and an APR of 3.712%. The lower FHA 30 year loans at the bank are being quoted at 3.500% carrying an APR of 4.517%. The short term 15 year loan deals start at 2.800% with an APR of 2.994% today.
In the ARM arena, 5 year loans at Suntrust are being offered for 2.400% with a starting APR of 2.907%. 7/1 ARM loans are listed at 2.625% today and an APR of 2.951%.