The popular 30 year fixed rate mortgage is made available today at Citigroup at an interest rate of 4.500% with an APR of 4.623%. Adding more information about this, the 15 year FRM is also made available today and can be had at the bank at an interest rate of 3.500% with an APR of 3.746%. In contrast to this, refinance terms are also made available today starting with the 30 year refinance is accessible at 4.625% with an APR of 4.711% followed by the 15 year refinance that is at 3.750% with an APR of 3.895%.
BB&T also released their quote for the 30 year FRM; it was announced to be at 4.000% with an APR of 4.112%. Another term that is also available today is the 20 year FRM which can be had at 3.375% with an APR of 4.021%. The shorter term of 15 year FRM is on the books today at 4.375% with an APR of 4.941%. Last of all the offers are the 10 year FRM that is made available by the bank today, it can be had today at 4.000% with an APR of 4.637%.
Last among the three banks today is SunTrust, the bank’s offer for the 30 year FRM is announced today at 4.490% with an APR of 4.6090%. A shorter term of 15 year FRM is also announced by the bank today, and is listed at 3.400% with an APR of 3.6329%. Adjustable rates are made available today starting at the 7 year ARM that can be availed at 3.875% with an APR of 3.4574%, followed by the 5 year ARM which is presented today at 3.490% with an APR of 3.1925%
Looking at the three banks, it can be seen that BB&T holds the lowest rate for the 30 year FRM today at 4.000%, compared to Citigroup’s 4.500% 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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