The benchmark 30 year loan interest rates at Suntrust Banks (NYSE:STI) have been listed at 4.375% today with an APR of 4.4853%. The best 30 year FHA fixed rate mortgages can be had for 4.000% with a rather higher APR of 5.6770%. The short term 15 year loans start at 3.300% today with an APR of 3.5109%.
5 year ARM interest rates at Suntrust start at 3.200% with a starting APR of 3.0908%. The 7/1 ARM loans have been quoted at 3.750% today with an APR of 3.3954% to start.
Stock Market Movement Today
Mortgage rates go up and down with securities backed by mortgages (MBSs) which usually move with the stock market. Overall markets lowered in today’s trading leaving the DJIA at 15,337.70 a decrease of -113.35.
Today’s rates at Suntrust moved along with Wall Streets direction. Now Suntrust’s own stock moved higher to 34.91 up +0.53.