Today, Citigroup presented their offer for the fixed rate mortgage for 30 years at 4.375% carrying with it an annual percentage rate of 4.548%. Also available is the 15 year FRM which is available at 3.500% with an APR of 3.820%. Refinance rates are also offered today at Citigroup. The 30 year refinance can be had at 4.500% with an APR of 4.672%, while the 15 year refinance is available at 3.625% with an APR of 3.918%.
Available today at BB&T is their 30 year FRM at 4.000% yielding with it an APR of 4.134%. The 20 year FRM is at 3.500% with an APR 4.110%. For the interest rate of the shorter term of 15 year FRM, it can be had at 4.500% with an APR of 5.029%. For the much shorter term of 10 years, the FRM can be had at 4.000% plus an APR of 4.659%.
SunTrust bank also released their quotes for the 30 year FRM today. Their offer is at 4.490% with a corresponding APR of 4.6221%. Their 15 year FRM is also available at 3.490% having with it an APR of 3.6915%. Also available are the bank’s adjustable rate mortgages. The 7 year ARM can be had at 3.875% with an APR of 3.4547%. The 7 year ARM is available at 3.490% expecting an APR of 3.2033%
Looking at the three banks, it can be observed that BB&T holds the lowest interest rate for the 30 year FRM category. It can be had at the bank for a much lower rate of 4.000% compared to Citigroup’s 4.375% and SunTrust’s 4.490%. Regarding the three bank’s offer for the 15 year FRM category, SunTrust holds the lowest rate today at 3.490% compared to Citigroup’s 3.500% and SunTrust’s 3.490%.
Disclaimer: The rates quoted above are basically the average advertised by a particular lending company. No guarantee of taken from the lender’ aspect whether the borrower will qualify for the mortgage rates mentioned in the article. The lenders dole out interest depending upon various facets, some of which may be unique to the borrower.
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