Today’s Mortgage Rates carried by Citigroup, BB&T and SunTrust Bank (8/5)

Today's Mortgage Rates by Citigroup BB&T SunTrust 8-5-13Starting this batch of banks is Citigroup, which had released their quotes for today including the 30 year fixed rate mortgage at 4.375% with an annual percentage rate of 4.573%. The next offer on their list is the rate for the shorter term 15 year FRM, which is at 3.375% with an APR of 3.731%. Refinance deals are also made available at the bank today, the 30 year refinance is at 4.500% with an APR of 4.672%. The last is the 15 year refinance that is at 3.500% with an equivalent APR of 3.792%

Moving on to BB&T, which also presented their version of quotes starting with the 30 year FRM that can be had at 3.875% with an APR of 4.028%. Made available today at this bank is the 20 year FRM at 3.375% with an APR of 4.021%. The shorter term 15 year FRM is available and can be had at the bank at 4.500% with an APR of 5.012%. The much shorter term of 10 year FRM can also be availed at 3.875% with an APR of 4.553%


Last in this batch is SunTrust Bank, whose offer for the mortgage deals have also been released. The 30 year FRM of this bank is at 4.490% with an APR of 4.635%. The shorter term of 15 year FRM can also be had at 3.490% with an APR of 3.697%. Adjustable rates are made available today by releasing the y year and 5 year ARM, the 7 year ARM can be had at 3.875% with an APR of 3.458%. The 5 year ARM in the meantime is at 3.490% with an APR of 3.205%.

Judging by the released quote of the three banks, it can be observed that BB&T holds today’s lowest quote for the 30 year FRM at 3.875%, compared to Citigroup’s 4.375% and SunTrust’s 4.490%.

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.