30 year FRMs are being offered for 3.625% at Suntrust Banks (NYSE:STI) yielding an APR of 3.734% today. The lower FHA 30 year mortgage loans can be had for 3.625% carrying an APR of 4.625%. The shorter term 15 year fixed rate loan interest rates at the bank have been offered at 2.800% today yielding an APR of 3.013%.
In the ARM arena, 5 year interest rates at Suntrust can be had for 2.400% yielding an APR of 2.895% to start. 7 year ARMs have been listed at 2.625% carrying an APR of 2.935%.