Today’s Mortgage Rates carried by Citigroup, BB&T and SunTrust Bank (8/16/2013)

Today's Mortgage Rates by Citigroup BB&T SunTrust 8-16-13The interest rates for the mortgage rates available at Citigroup is released today by the bank, included in the list is the offer for the popular 30 year fixed rate mortgage that can be had at the bank at an interest rate of 4.625% with an APR of 4.782%, followed by another FRM rate which is the 15 year FRM published to be available at 3.750% with an APR of 3.942%. Refinance rates are also advertised today, the 30 year refinance is unveiled at 3.750% with an APR of 4.858% and the 15 year refinance on the other hand is listed at 3.875% with an APR of 4.058%.

BB&T in the meantime has also released their quote for the 30 year FRM which can be had at an interest rate of 4.000% with an APR of 4.112%, this term is closely followed by the bank’s 20 year FRM offer, which is listed today at 3.375% with an APR of 5.001%. The shorter term 15 year FRM is also announced by the bank to be available at 4.500% with an APR of 5.001%. Last is the still shorter term of 10 year FRM from the bank, it can be had at 4.000% with an APR of 4.637%.

 

Last among this batch is SunTrust Bank, which offers their 30 year FRM at 4.600% with an APR of 4.7186%, followed by their 15 year FRM at 3.400% with an APR of 3.6936%. Adjustable rates are made available by means of the 7 year ARM at 3.900% with an APR of 3.4794% and the 5 year ARM at 3.490% with an APR of3.2068%.

Studying the three banks’ offer for the 30 year FRM, it can clearly be seen that BB&T holds today’s lowest quote which is at 4.000% if to be compared to Citigroup’s 4.625 and SunTrust Bank’s release of 4.600%.

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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About the author

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