Mortgage Rates for Wednesday: SunTrust Home Purchase Deals Among Market Best
With national average mortgage rates dipping in and out of record-low territory almost on a daily basis of late, market leaders the likes of SunTrust (NYSE:STI) are continuing to offer a truly superb catalogue of home purchase mortgage packages to suit the needs of literally all potential buyers across the board. This Wednesday once again sees nothing other than the most minor of fluctuations – none of which have come close to ending this truly epic run of value and opportunity for those willing to act sooner rather than later.
First looking at some of the very best fixed rate deals being offered by SunTrust today, the 30 year fixed rate purchase package is now being advertised for 3.990% and an APR figure amounting to 4.101%, while the alternative of the 15 year fixed rate purchase loan is now at 3.250% and carries an APR of 3.514%.
30 year fixed rate deals for Jumbo loans are being offered for 4.375% and an APR of 4.503%, while the popular FHA fixed rate purchase loan over 30 years is at 3.875% and APR of 4.819%.
A number of adjustable terms are also showing seemingly endless strength, with the Agency 7/1 ARM now carrying an opening interest rate of 2.990% and APR of 2.685% variable, while the Agency 5/1 ARM for home purchase can be taken out for 2.750% and APR of 2.517% variable.
The above figures really state all that needs to be said regarding the current opportunities for borrowers and the incredible value for money, though it seems the boom in activity the housing market so desperately needs is still far from guaranteed in the imminent future, as would-be borrowers remain apprehensive to enter into any new debt, even at record low interest rates.
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