30 year fixed rate mortgages at Suntrust Banks (NYSE:STI) start at 4.375% today and an APR of 4.4853%. The typically lower FHA 30 year mortgage interest rates are published at 4.000% at the bank and an APR of 5.6770%. The shorter term 15 year fixed rate mortgage interest rates are on the books at 3.300% at the bank carrying an APR of 3.5109% today.
The 5/1 ARM deals are coming out at 3.200% at Suntrust with a starting APR of 3.0908%. The 7/1 Adjustable Rate Mortgages are published at 3.750% today with a starting APR of 3.3954%.
DOW and Stock Market Results
Mortgage interest rates go up and down with mortgage bonds and security prices that go up and down with the stock market. Overall markets went down today putting the DJAI at 15,337.70 up -0.73%.
This time the bank moved along with the DJIA results. On the topic of stocks, this particular bank’s stock price strengthened to 34.91 up +1.54%.