Mortgage Rates – SunTrust Interest Rates Still a Steal
Regardless of whether or not the remainder of the week brings along inevitable hikes or perhaps even further reductions in US mortgage rates, SunTrust (NYSE:STI) is today at least offering an astounding array of packages which are still tantalizingly close to record low figures. Indeed, the lows of early October have never been closer and could be a reality within days, adding up to some seriously promising buying opportunities for would-be homebuyers across the nation.
In the case of the most popular packages of all being offered by SunTrust today, the standard 30 year fixed rate loan can be taken out and locked in for 3.990% and APR of 4.101%, while those preferring the 15 year fixed rate purchase loan will find it for 3.375% and APR of 3.566%.
30 year Jumbo loans for new and used home purchase are being advertised for 4.500% and APR of 4.608%, while the 30 year fixed rate FHA loan on the other had can be taken out for 3.875% and carries an APR of 4.819%.
With regard to the adjustable rate home purchase deals at SunTrust today, the popular Agency 7/1 ARM is up for grabs beginning at 2.990% and carrying an APR of 2.705% variable, while the Agency 5/1 ARM on the other hand now starts at 2.750% and yields an APR of 2.517% variable.
Needless to say, with the all-time record lows only a fraction of a percentage away, there really is nothing to lose by locking in some of the most incredible rates ever seen sooner rather than later and counting the savings for years, perhaps even decades to come.
Related posts: