30 year fixed rate mortgages today at Citigroup stands at 4.500%. The 20 year FRM can be had at the bank for 4.250% and the 15 year FRM at 3.375%. The 10 year FRM is also offered today at Citigroup at 4.250%. And for the shorter term adjustable rate mortgages, the 7 year ARM can be had at 4.125% while the 5 years is at 3.750%.
For BB&T, their rate for the 30 year FRM is presented today at 3.875 having a corresponding APR of 4.029%. Their 20 year FRM is also available and can be had at 3.500%, it has with it a 4.073% APR. For the shorter terms of FRM, the 15 year FRM from BB&T is offered at 4.500% with an APR of 5.002%, while the 10 year FRM is at 3.875% and an APR of 4.554%. For the much shorter term from BB&T, the adjustable rate mortgage for 7 years can be availed at 3.800% carrying with it an APR of 3.425%.
The third bank today is the SunTrust Bank. They have their 30 year fixed rate mortgage at 4.490% with a high APR of 6.603. FHA has theirs at 4.300% and an APR of 5.947%. For the more popular 15 year FRM from SunTrust, it is presented today at 3.490% yielding an APR of 3.692%.
If you take a look at the three banks, you will see that BB&T has the lowest offering of the 30 year FRM today. At 3.875%, it is much lower compared to the 4.490% of SunTrust, and a higher rate of 4.500% of Citigroup. With regards to the 15 year FRM of the said banks, Citigroup has the lowest rate this time. At 3.375%, it is certainly lower than those of BB&T and SunTrust’s offering which is at 4.500% for BB&T and 3.490% for SunTrust Bank.
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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