Standard 30 year fixed rate loan interest rates at Suntrust Banks (NYSE:STI) are coming out at 4.375% with an APR of 4.4853% today. The lower FHA 30 year interest rates at the bank are being quoted at 4.000% yielding a bit higher APR than the conventional loan of 5.6770%. Popular 15 year loan deals have been offered at 3.300% at the bank and APR of 3.5109% today.
In the ARM arena, 5 year deals are being offered for 3.200% at Suntrust and the APR is 3.0908%. The 7 year ARM loans are on the books at 3.750% with an APR of 3.3954% to start.
From the bank’s stock perspective
All the mortgage interest rates are impacted by mortgage financial instruments which partially track with the stock market. The stock market weakend today leaving the DJIA at 15,337.70.
Today the bank moved along with the Wall Street direction. Closer to home, this particular bank’s stock improved to 34.91 up +1.54%.