Mortgage Rates Updates from SunTrust Bank for Today (10/23/2013)

Mortgage Rates Updates from SunTrust Bank for Today4.375% is the interest rate for 30-Year Fixed Rate Mortgage as per the latest information published by SunTrust today. This interest rate crafts an APR of 4.4853%. When compared with the Yesterday’s rates of 30-Year FRM, an increase of 0.250% can be seen as it was 4.125% a day back. Similarly, there is an increase of .200% in the 30-Year FHA plan of the bank with today’s rate climbs up to 4.000%. This increased rate also increased the APR from 4.438% to 5.677%. 15-Year short term fixed rate mortgage can be availed at an interest rate of 3.300% with 3.510% as an APR.

The interest rate for 5-Year ARM plan has been increased from 2.800% to 3.200% and due to that the APR has been shifted from 2.956% to 3.090%. The bank quoted 3.750% interest rate for 7/1 ARM plan with annual percentage rate of 3.395%.

The bank is offering Jumbo plans of 30-Year fixed mortgage at the rate of 4.490% yielding an annual percentage rate of 4.5943% with 0.077 discounted fees and 1% being the origination fee.

On comparing with other two banking giants – Bank of America and Well Fargo, it can be seen that Bank of America is offering lowest interest rate with 4.125% rate for 30-Year FHA with Well Fargo is offering the same loan with 4.250%. SunTrust quoted the highest amongst the three with rate of 4.375% for 30-Year FHA loan. There is a minimal difference in interest rates of SunTrust and Bank of America in 15-Year FRM plan in which BOA has asked for the interest rate of 3.250% and SunTrust asked the rate of 3.300% for the same plan. However, Well Fargo quoted the highest in this case with 3.375% interest rate. So in all the cases, BOA seems to be offering the lowest rates for almost all the plans today.

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.

For comments and suggestions, leave a message in the comments section below. Like and Follow our Facebook page for more stories and to stay up-to-date with the latest happenings.

About the author

Rob is a analyst and reporter covering stocks and business news.