30 year loan interest rates are on the books at 4.375% at Suntrust Banks (NYSE:STI) today carrying an APR of 4.4853%. The FHA options for the 30 year mortgages are listed at 4.000% at the bank with an APR of 5.6770%. Popular 15 year loan deals have been published at 3.300% at the bank today and an APR of 3.5109%.
The 5 year ARM deals at Suntrust are on the books at 3.200% and the APR is 3.0908% on initial purchase. 7 year ARM loans have been listed at 3.750% currently yielding an APR of 3.3954% to start.
Stock Market Update
All the mortgage rates published are sometimes affected by mortgage bonds and security prices that track with the stock market. Wall street lost ground by close today putting the DOW at 15,337.70.
Today the bank moved in the same direction as the days trading results. More specifically, Suntrust’s own stock improved to 34.91 up +1.54%.