The benchmark 30 year loan interest rates have been offered at 4.250% at PNC Bank (NYSE:PNC) with an APR of 4.426% today. The best 30 year FHA FRMs have been quoted at 3.875% at the bank yielding a bit higher APR than the conventional loan of 4.731%. The short term 15 year FRM interest rates are 3.375% yielding an APR of 3.692%.
As far as ARMs go, 5 year loans are listed at 3.500% at PNC Bank with a starting APR of 3.983% which will change as interest rates adjust.
Related to the market discussion, PNC Bank’s own stock ticker fell to 117.46 down -0.18.
The best 30 year fixed rate loan interest rates are being quoted at 4.400% at Suntrust Banks (NYSE:STI) and APR of 4.4870%. 30 year FHA FRMs are being offered for 4.100% and an APR of 5.1885%. 30 year jumbo loan interest rates stand at 4.700% and an APR of 4.7478% which is of course a bit higher than the non-jumbo loans.
30 year VA loan deals start at 4.125% and APR of 4.3264%.
The shorter term, popular 15 year FRM interest rates are on the books at 3.625% today and an APR of 3.7861%.
As far as ARMs go, 5 year interest rates are being quoted at 3.875% at Suntrust with an APR of 4.0326%. 7/1 Adjustable Rate Mortgages are being offered for 3.700% carrying an APR of 3.9398%.
Drilling down a bit, this particular bank’s stock price rose to 56.23 up +0.37%.