Both US Bank (NYSE:USB) and SunTrust (NYSE:STI) are offering generally strong and competitive home purchase and refinance mortgage rates today in line with national averages, though US Bank has a fractional edge over its rival.
Standard 30 year fixed rate mortgage interest rates start at 3.300% at Suntrust Banks (NYSE:STI) carrying an APR of 3.430%. The lower FHA 30 year loan interest rates are on the books at 3.200% with an APR of 4.279%. Shorter term, popular 15 year loans are listed at 2.700% at the bank and APR of 2.886%.
The 5/1 ARM interest rates at Suntrust are listed at 2.250% carrying an APR of 2.929% to start. The 7 year ARMs are being quoted at 2.400% currently and the APR is 2.914%.
30 year loan interest rates at US Bankcorp (NYSE:USB) have been offered at 3.250% carrying an APR of 3.472%. The best 30 year FHA FRMs have been offered at 3.250% and an APR of 3.791%. The jumbo options for the 30 year loans start at 3.625% and APR of 3.768%.
15 year loan interest rates are being offered for 2.500% with an APR of 2.857%.
15 year FHA FRMs are on the books at 2.750% today carrying an APR of 3.433%. 15 year Jumbo loan deals are 2.750% and APR of 3.000%. 10 year fixed rate loan interest rates are available starting at 2.500% with an APR of 2.967% today.
3/1 ARM interest rates are being offered for 3.500% and the APR is 3.657%. 5 year ARM interest rates start at 2.875% at US Bank yielding an APR of 3.420% at the beginning of the loan.