Standard 30 year fixed rate mortgages at Suntrust Banks (NYSE:STI) are being offered for 3.625% today and an APR of 3.734%. 30 year FHA fixed rate loans are coming out at 3.625% yielding an APR of 4.625%. Shorter term, popular 15 year fixed rate loan interest rates are coming out at 2.800% and an APR of 3.013% today.
ARM loans in the 5 year category at Suntrust are being quoted at 2.400% yielding an APR of 2.895%. 7 year Adjustable Rate Mortgages are on the books at 2.625% currently and the APR is 2.935%.