Mortgage rates at Suntrust and CitiMortgage bucked the upward trend yesterday and remain at relatively low levels.
The benchmark 30 year loans at Suntrust Banks (NYSE:STI) start at 3.400% today with an APR of 3.509%. The best 30 year FHA fixed rate mortgage interest rates have been offered at 3.300% yielding a bit higher APR than the conventional loan of 4.292%. The shorter term, popular 15 year FRMs have been offered at 2.700% at the bank today and an APR of 2.910%.
5/1 ARMs at Suntrust have been published at 2.375% with an APR of 2.885%. ARM loans in the 7 year category have been offered at 2.490% with an APR of 2.904%.
The best 30 year fixed rate loans are available starting at 3.375% at Citi Mortgage (NYSE:C) with an APR of 3.581% today. The short term, popular 15 year loan interest rates are published at 2.750% carrying an APR of 3.043% today.
The benchmark 30 year refinance fixed rate loan interest rates are coming out at 3.500% at Citibank and APR of 3.692% today. The short term 15 year refinance loans are published at 2.875% today carrying an APR of 3.159%.