Standard 30 year fixed rate loan interest rates are listed at 4.125% at Suntrust Banks (NYSE:STI) carrying an APR of 4.1991% today. The best 30 year FHA FRMs are on the books at 3.800% and APR of 4.8803%. The higher interest jumbo 30 year mortgage loans are being quoted at 4.625% at the bank carrying an APR of 4.6807%.
30 year VA FRM interest rates are on the books at 3.800% and an APR of 4.0025%.
The short term, popular 15 year fixed rate mortgages are being offered for 3.400% with an APR of 3.5304% today.
In the ARM arena, 5 year deals at Suntrust are available starting at 3.625% with an APR of 3.9403%. The 7/1 Adjustable Rate Mortgages can be had for 3.490% today with an APR of 3.8515%.
Stock and Mortgage Performance
Big bank mortgage rates sometimes move with mortgage related bond prices that go up and down with the stock market. Stocks moved ahead by close of day to leave the DOW at 21082.95 up +0.34.
Interest rates at the bank failed to follow the DJIA. Related to the market discussion, the stock price of Suntrust rose to 54.60 up +0.09%.
The benchmark 30 year loans at Quicken Loans stand at 3.125% today yielding an APR of 3.60%. The VA 30 year interest rates have been listed at 2.99% carrying an APR of 3.35%.
15 year fixed rate mortgage interest rates are 3.50% yielding an APR of 3.791% today.
The 5/1 ARM loans are being offered for 3.875% at Quicken Loans with a starting APR of 4.138% which will change as interest rates adjust.
Related Market News
Mortgage rates usually vary because of mortgage backed security prices which track with the stock market. Overall markets increased today putting the DJAI at 21082.95 an increase of +70.53.
For today at least Quicken Loans decided not to follow the DJIA day end results.Advertisement