The benchmark 30 year fixed rate mortgages are coming out at 3.625% at Suntrust Banks (NYSE:STI) today carrying an APR of 3.734%. The FHA version of the 30 year loans at the bank are coming out at 3.625% with a rather higher APR of 4.625%. Popular 15 year loan interest rates are on the books at 2.800% at the bank and an APR of 3.013% today.
The 5 year Adjustable Rate Mortgages are coming out at 2.400% at Suntrust with an APR of 2.895%. The 7 year ARM loans have been listed at 2.625% today carrying an APR of 2.935%.