Mortgage Rates Today: SunTrust Deals an Excellent Choice For Buyers
As is the case with many other top US lenders today, SunTrust (NYSE:STI) seems to have been largely unfazed by the slight rise in the national average mortgage rate, offering deals that in some cases come well under those of US benchmarks and other major lenders.
For those interested in making a purchase and locking deals in at the current rates, 30 year fixed term agreements can be taken out for as low as 3.875% which amounts to an APR of 4.017%, while the alternative 15 year term is being advertised for 3.250% and an APR of 3.514%.
The Agency 7/1 ARM 30 year term is today being offered for 3.125% with an APR of 2.778%, while the 5/1 ARM alternative can be taken out for 2.875% with an APR of 2.570%.
As can clearly be seen, the days of bargain mortgage rates are far from over by any stretch of the imagination, though the recent slight increase in national averages may signal the start of a series where the only way over the long term is indeed up.
Related posts: