Today, Citigroup’s offer for the 30 year fixed rate mortgage is at 4.375% yielding an annual percentage rate of 4.562%. For the shorter term 15 year FRM, it can be had at the bank for 3.500% with an APR of 3.783%. Refinance options are also available at the bank; the 30 year refinance is available at 4.500% carrying an APR of4.661%. For the 15 year refinance, it can be had at 3.500% with an APR of 3.829%.
BB&T also released their offer for the 30 year FRM; it is quoted at the bank today at 4.000% with an APR of 4.113%. 20 year FRM from the bank is at 3.500% with an APR of 4.092%. The shorter term of 15 year FRM can be had at 4.500% with an APR of 4.991%. For the much shorter term of 10 year FRM, it is available at 4.000% with an APR of 4.638%. Refinance rates are also made available at the bank, the 30 year refinance can be had at 4.000% with an APR of 4.113%. The 15 year refinance is available at 4.500% with an APR of 4.991%. The shorter term 10 year refinance is available at 4.000% having an equivalent APR of 4.638%.
For the SunTrust Bank offers, the 30 year FRM can be had at 4.490% with an APR of 4.620%. The 15 year FRM is made available today at 3.490%. Adjustable rates of 5 years and 7 years are also available today. The 5 year ARM is available at 3.490% carrying with it an APR of 3.202%. The 7 year ARM is at 3.875 with a corresponding APR of 3.455%.
Among the three banks, BB&T holds the lowest offer of rates today for the 30 year FRM. It can be had at a lower rate of 4.000% compared to Citigroup’s 4.375% and SunTrust’s 4.490%.
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.
The Washington D.C. finish line is quickly approaching for the runners on Team Red, White and Blue. So far, hundreds of teammates have helped carry a single flag across the U.S. from San Francisco to the nation's capital in support of veterans. Chad Prichard is one of those runners, who journeyed with the team through Colorado's Arkansas River Valley. He's running to represent the positive impact that @teamrwb has on both veterans and the volunteers who get involved. To follow the finish on November 8th and learn more about what's involved in the race, visit www.teamrwb.org/old-glory-relay
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