SunTrust Mortgage Rate Deals For 10/10/2013

SunTrust Mortgage Rate Deals For 10-10-2013SunTrust Bank (NYSE: STI) has released their mortgage interested rates for today, October 10, 2013. The lender, which offers both retail and commercial banking services, releases their rates based on a 60 day lock in period as well as the assumption of the purchase of a single-family home.

The rates start at the 30 Year FRM (fixed rate mortgage) which is offered by SunTrust at a rate of 4.250%, with 0.170 discount points. The APR (annual percentage rate) for the corresponding term is set at 4.3699%.

The shorter 15 Year Fixed Rate home loan is listed with a value of 3.250% today, and it comes with 0.177 discount points. The APR for this term can be found at a rate of 3.4560% today.

Borrowers interested in the 30 Year Fixed Rate government backed (FHA) deal, will find the value quoted today at 4.000% and 0.4666 discount points. This amounts to an APR of 5.6642%.

What is definitely an increase from the week before, the lender’s 30 Year Fixed conventional home loan with a jumbo balance is offered currently at 4.625% interest and 0.107 discount points. These figures yield a corresponding APR of 4.7327%.

Moving on to the adjustable rate mortgage loans offered at SunTrust, the 5/1 ARM bears 2.990% in interest, 0.140 discount points and an overall APR of 2.0238%.

The other adjustable rate, the 7/1 adjustable rate loan can be taken today at 3.490% and 0.227 discount points with a corresponding APR figure of 3.2871%.

Borrowers should note that these rates are subject to change without prior notice and may also vary upon loan approval. 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.