Today, the Citigroup has announced the availability of the popular 30 year fixed rate mortgage at their bank. The said 30 year FRM is published at an interest rate of 4.750% with an APR of 4.864%; this is followed by the bank’s offer for the 15 year FRM which can be had at the bank at an interest rate of 3.575% with an APR of 4.049%. Refinance rates are also made available today by means of the 30 year FRM offered at 4.875% with an APR of 4.973%, and then the 15 year refinance at 3.875% with an APR of 4.095%.
The next bank this batch is BB&T, which have released their offer for the 30 year FRM at an interest rate of 4.125% with an APR of 4.302%. This rate is closely followed by the 20 year FRM at 3.500% with an APR of 4.100%. Meanwhile, the shorter term 15 year FRM is also made available at 4.625% with an APR of 5.116% followed by the much shorter term of 10 year FRM that can be had at the bank at an interest rate of 4.125% with an APR of 4.830%.
Last among this batch’s banks is the SunTrust Bank, which has released their 30 year FRM to be at 4.490% with an APR of 4.6349%. FHA released theirs at 4.400% with an APR of 6.0327%. Along with these rates, the 15 year FRM is also made available at 3.490% with an APR of 3.6973%. Adjustable rates are also available today by means of the 7 year ARM at 3.575% with an APR of 3.4578%, along with the 5 year ARM that is offered at 3.490% with an APR of 3.4578%.
BB&T holds today’s lowest offer for the 30 year FRM at 4.125% compared to the 4.750% of Citigroup and the 4.490% of SunTrust Bank.
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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