Today, Citigroup presented their fixed rate mortgage of 30 year term at 4.375% and an annual percentage rate of 4.707%. FHA has theirs at 4.750% with an equivalent APR of 5.241%. Regarding Citigroup’s 15 year FRM, it is also available at 3.875% with an APR of 4.566%. FHA has theirs at 4.250% and has an APR of 4.778%.
When it comes to BB&T, their offering for the 30 year FRM increases today at 4.125%, it has an equally high APR of 4.314%. The bank’s 20 year FRM also increases at 3.625% with an APR of 4.200%. Meanwhile, for BB&T’s 15 year FRM, it went back to 4.500% after slightly decreasing yesterday at 4.375%. The 15 year FRM’s APR today is 5.057%. BB&T also has their 10 year FRM. It sits at 4.125% having an APR of 4.842%.
SunTrust’s offer for the 30 year FRM greatly decreases today at 3.625% having an APR of 3.752%. Their 15 year FRM also suffered a great fall from 3.400% yesterday to 2.800% today having with it an APR of 3.028%. For the adjustable rate mortgage category, SunTrust’s 7 year FRM also decreased a lot at 2.600% with an APR of 2.927%. And suffering a whopping 1% fall from 3.490% yesterday is their offer for the 5 year adjustable rate mortgage interest rate at 2.490% carrying with it an APR of 2.927% that did not suffer that great of a fall.
SunTrust still hold today’s lowest rate for the 30 year FRM interest rate. At 3.625% it is a lot lower than that of Citigroup’s 4.375% and BB&T’s 4.125%. In the category of 15 year FRM, SunTrust still holds the lowest rate today at 2.800%, while Citigroup and BB&T has theirs at 3.875% and 4.500% respectively.
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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