Monday a.m. Mortgage Rates: SunTrust Purchase Packages Highly Competitive
Major lenders across the US are today bringing the nation yet another day of incredible home purchase opportunities, with SunTrust (NYSE:STI) serving as a truly ideal example. As has been the case over many recent days and weeks, all minor fluctuations have been all but cancelled out to keep rates at some of their lowest levels seen in a generation, which is of course outstanding news for all potential buyers looking to lock in a great deal.
First looking at the better fixed rate deals from SunTrust today, buyers looking for the standard 30 year fixed rate term will find it here for 3.990% and APR of 4.112%, while the shorter 15 year deal can be locked in for as low as 3.250% and APR of 3.514%.
30 year fixed rate Jumbo loans have also remained attractive, today being offered for 4.275% and an APR of 4.42%.
In the case of adjustable rate options, the Agency 7/1 ARM has retained its value with a starting rate of 2.875% and APR of 2.651% variable, while the Agency 5/1 ARM can now be taken out starting at 2.625% and APR of 2.483% variable.
Needless to say, there is little to no way of accurately predicting exactly where the mortgage rates of today will head over the days and weeks to follow, though what can be assured is that it is all but impossible to go wrong by taking the plunge today and locking in one of the lowest rates seen in a generation.
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