SunTrust (NYSE:STI) and Quicken Loans are pretty much neck-and-neck today in terms of low-cost home purchase and refinance mortgage rates, though still trail slightly behind the market-leaders.
30 year loan interest rates at Quicken Loans are coming out at 3.375% and an APR of 3.596% today. Popular 15 year fixed rate loans are 2.750% at the bank yielding an APR of 3.126% today.
7/1 Adjustable Rate Mortgages are being quoted at 2.500% today with an APR of 3.053%.
Standard 30 year refinance loan deals have been listed at 3.375% at Quicken carrying an APR of 3.596%. The shorter term, popular 15 year refinance fixed rate mortgage interest rates can be had for 2.750% today and an APR of 3.126%.
The 7 year refi ARM deals have been published at 2.500% with an APR of 3.053% to start.
The best 30 year loan deals at Suntrust Banks (NYSE:STI) are listed at 3.400% carrying an APR of 3.504% today. The lower FHA 30 year mortgage interest rates have been published at 3.200% at the bank with a bit higher APR of 4.314%.
The shorter term 15 year loan deals are being quoted at 2.800% at the bank today with an APR of 2.981%.
The 5/1 ARM deals at Suntrust stand at 2.300% carrying an APR of 2.939%. The 7/1 ARM deals are on the books at 2.400% showing an APR of 2.917%.