The 30 year fixed rate mortgage is offered today by Citigroup, the bank has announced its availability earlier today, and it is quoted to be at 4.500% with an APR of 4.678%. The shorter term 15 year FRM coming right after it, is quoted by the bank today at 3.500% with an APR of 3.783%. For those looking to refinance their homes, the bank has also released two refinance terms, the 30 year refinance which is available at 4.500% with an APR of 4.705%, and the 15 year refinance that can be had at 3.500% with an APR of 3.829%.
Moving on to BB&T’s offers, the bank has published the 30 year FRM version of their bank at 4.500% with an APR of 4.579%, along with this, the FHA released theirs at 4.000% with an APR of 4.215%. For the next offer, the 20 year FRM is made available today at 4.250% with an APR of 4.250%. Another FRM term offered by the bank today is the shorter term 15 year FRM quoted at 3.375% with an APR of 3.584%. The last offer is the 10 year FRM published at 3.375% with an APR of 3.545%.
The last bank in this batch is SunTrust Bank, which offers the 30 year FRM at an interest rate of 4.490% with an APR 4.6316%. FHA has theirs at 4.400% with an APR of 6.0465%. Along with the said rates, the shorter term 15 year FRM is also made available by the bank at an interest rate of 3.400% with an APR of 3.6394%. Adjustable rate are offered today starting with the 7 year ARM at 3.800% with an APR of 3.4329%, and the 5 year ARM at 3.490% with an APR of 3.1899%.
Today, SunTrust holds the lowest rate for the 30 year FRM at 4.490% compared to the 4.500% quote of both Citigroup and BB&T.
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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