Mortgage Rates Listed For SunTrust Bank 10/11/13

Mortgage Rates Listed For SunTrust Bank 10-11-13SunTrust Banks, Inc. (STI) started trading this morning at $32.66 and is currently valued at $17.73B.

Ahead of the quarterly report and if the predicted revenue forecast is correct at $2.11 billion, this would indicate a 45.05% decrease from the year before.

In other news, SunTrust published their mortgage rates for today, Friday October 11. The lender bases the following rates on “a 60 day lock in period” and assuming “the purchase of a single-family, owner-occupied” dwelling.

The rates which were first published at 10:39am EST today, start at the 30 Year FRM (fixed rate mortgage) at a rate of 4.200%, a decrease from yesterday. The discount points rate of 0.012 and APR (annual percentage rate) value of 4.3061% also decreased from the day before.

The preferred 15 Year Fixed Rate loan is listed at 3.200% today, and comes with 0.396 discount points. The APR can be found at a rate of 3.4378%.

30 Year Fixed Rate government backed (FHA) deal, can be had today at 3.900% and 0.176 discount points. This corresponding APR is listed at 5.5346%.

The lenders 30 Year Fixed conventional home loan rate with a Jumbo balance is being offered today at an interest rate of 4.600%. The discount points amount to 0.05. These figures yield a corresponding APR of 4.7026%.

Additionally, the adjustable rate mortgage loans from SunTrust Bank includes the 5/1 ARM which bears 2.990% in interest today with 0.073 discount points and an overall APR of 3.0185%.

The 7/1 adjustable rate loan is published today at 3.490% with 0.102 discount points and a corresponding APR figure of 3.2786%.

Please note, “Rates, points and closing costs may vary based on loan features, geography and/or other terms and conditions. APR calculations are based on origination points, discount fees, and average loan fees, including closing costs. Rates, points and closing costs are subject to change without notice and discount points vary by state and the interest rate chosen. To begin the application process, complete your loan application now. Additional rate and point quotes are available; please contact your loan officer for more information.”

Contact a SunTrust mortgage specialist or visit the lender’s website for more information.

Disclaimer: The advertised rates were submitted by each individual lender/broker on the date indicated. Rate/APR terms offered by advertisers may differ from those listed above based on the creditworthiness of the borrower and other differences between an individual loan and the loan criteria used for the quotes.

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About the author

L.J is a contributor covering financial mortgage rates. A freelance writer for various online publications with a great interest in real estate investment.