Citigroup has started the day by presenting their corresponding quote for the interest rates of mortgage deals that are made available today at their bank including the 30 year fixed rate mortgage which is released at 4.500% with an annual percentage rate of 4.623%. Following that quote is the 15 year FRM, which is released to be available at an interest rate of 3.500% with an APR of 3.746%. Refinance rates are also published by the bank, the 30 year refinance is quoted at 4.500% with an APR of 4.650%, and the 15 year refinance at 3.750% with an APR of 3.895%.
Next among the banks is BB&T, they have released their quote for the 30 year FRM at 3.875% with an APR of 4.018%. Along with that, the 20 year FRM is also made available at 4.000% with an APR of 3.375%. The shorter term 15 year FRM is available today at 4.375% with an APR 4.941%, followed by the 10 year FRM at 3.875% with an APR of 3.542%. Refinance terms are also available today starting from the 30 year refinance at 3.875% with an APR of 4.018%, followed by the 20 year refinance at 3.375% with an APR of 4.021%. The 15 year refinance is also available at 4.500% with an APR of 4.990%. Last is the 10 year refinance at 3.875% with an APR of 4.542%.
Moving on to SunTrust Bank with a released quote for the 30 year FRM at 4.400% with an APR of 4.5335%, followed by the 15 year FRM which is at 3.400% with an APR of 3.5930%. Adjustable rates are also made available today, the 7 year ARM is at 3.875% with an APR of 3.4556% and the 5 year ARM is at 3.490% with an APR of 3.1926%.
Today, BB&T still holds the lowest rate for the 30 year FRM at 3.875%, lower than Citigroup’s 4.500% and SunTrust’s 4.400%.
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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