The best 30 year fixed rate mortgage interest rates are coming out at 4.375% at Suntrust Banks (NYSE:STI) and APR of 4.4853% today. 30 year FHA loan interest rates are being offered for 4.000% and an APR of 5.6770%. Shorter term 15 year loan interest rates start at 3.300% and an APR of 3.5109% today.
5/1 ARM loans at Suntrust stand at 3.200% with an APR of 3.0908%. The 7 year ARMs are published at 3.750% currently and APR of 3.3954%.
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Interest rates for mortgages are usually impacted by mortgage related bonds that move in concert with the stock market. Overall markets lowered by market close to leave the DJIA at 15,337.70 up -0.73%.
Not surprisingly the bank were in synch with the trading pattern of the day. Separately, Suntrust’s own stock price moved ahead to 34.91 up +0.53.