Standard 30 year FRM interest rates at Suntrust Banks (NYSE:STI) are coming out at 4.100% and APR of 4.1792%. 30 year FHA loans are being quoted at 3.800% yielding an APR of 4.8770%. 30 year jumbo fixed rate mortgage interest rates at the bank are being quoted at 4.625% yielding an APR of 4.6766%.
VA 30 year FRMs start at 3.800% carrying an APR of 3.9994%.
Shorter term 15 year loans stand at 3.400% and an APR of 3.5175% today.
In the ARM arena, 5 year loans at Suntrust have been listed at 3.625% yielding an APR of 3.9400% at present. ARMs in the 7 year category have been quoted at 3.490% currently and an APR of 3.8503%.
From the bank’s stock perspective
Rates banks charge sometimes vacillate because of MBS’s traded in security markets which move with the stock market. Stock markets gained ground by close of day to leave the DJIA at 21066.00 up +0.01.
Interest rates at the bank followed a different course than the DJIA today. Now Suntrust’s stock price rose to 54.32 up +0.07%.
The best 30 year FRM interest rates have been offered at 4% at BB&T Corp. (NYSE:BBT) today yielding an APR of 4.083%. 15 year loans at the bank are available starting at 3.125% and an APR of 3.27% today.
Current Refinance Mortgage Rates
The benchmark 30 year refinance FRM interest rates at BB&T have been published at 4% and an APR of 4.083%. The short term 15 year refi loan interest rates can be had for 3.125% at the bank today with an APR of 3.27%.
Stock Market Movement Today
Mortgage rates change with mortgage bonds and securities that follow stock market motions. Financial markets moved ahead in trading today with the DJIA at 21066.00.
But the bank did not move in the same direction as the days DJIA results. Related to the market discussion, the stock price of BB&T fell to 42.56 down -0.16%.
Standard 30 year loan deals can be had for 4.000% at Commerce Bank carrying an APR of 4.103% today. The shorter term, popular 15 year fixed rate loans are published at 3.250% yielding an APR of 3.392% today.
10 year loan interest rates at the bank are listed at 3.125% with an APR of 3.331% today. The best 20 year fixed rate loans are published at 3.750% today with an APR of 3.891%.
The 5/1 ARM interest rates at Commerce have been listed at 3.250% carrying an APR of 3.753%. The 7/1 ARMS have been quoted at 3.500% yielding an APR of 3.799% to start.
Stock and Mortgage Performance
All the mortgage rates are impacted by mortgage related bond prices which are traded in the stock market. Wall street rose in today’s trading to leave the DOW at 21066.00 up +0.01.
Mortgage rates at the bank didn’t keep with the day’s closing results today. Independent of mortgage rates, the banks stock price lost ground to 54.23 down -0.23.
The best 30 year loan interest rates have been listed at 3.750% at Chase Bank (NYSE:JPM) carrying an APR of 3.915%. Popular 15 year loan interest rates are published at 3.125% today with an APR of 3.472%.
In the ARM arena, 5 year loans at Chase can be had for 3.250% and APR of 3.605%. ARM loans in the 7 year category have been published at 3.500% today yielding an APR of 3.684% to start.
Refinancing Your Home
The best 30 year refinance loan deals at Chase are on the books at 3.750% and an APR of 3.853%. The short term 15 year refinance loans at the bank have been listed at 3.000% today carrying an APR of 3.145%. In the ARM arena, 5 year refi deals have been published at 3.250% at Chase. carrying an APR of 3.493%. The 7/1 Adjustable Rate Mortgage interest rates are coming out at 3.500% today with a starting APR of 3.581%.
Refinance interest rates often move with mortgage financial instrument prices which go up and down with the markets. Stocks moved higher by close of day today to leave the DJIA at 21066.00.
Mortgages at the bank did not move along with Wall Street. Independent of mortgage rates, the banks stock price rose to 85.36 up +0.01.
The benchmark 30 year fixed rate loans at PNC Bank (NYSE:PNC) have been offered at 3.875% today and an APR of 4.035%. 30 year FHA loan interest rates start at 3.625% with a rather higher APR of 4.463%. The shorter term 15 year FRM interest rates are coming out at 3.000% at the bank and an APR of 3.312%.
ARMs in the 5 year category are on the books at 3.000% at PNC yielding an APR of 3.874% at the beginning of the loan.
All the mortgage interest rates move up and down usually because of MBS’s (mortgage backed securities) that go up and down with the stock market. Markets gained ground today with the DJIA at 21066.00.
However PNC did not follow the action in the market. On the topic of stocks, PNC’s own stock ticker lowered to 121.32 down -0.13.
Standard 30 year loan deals at Quicken Loans start at 3.125% and APR of 3.60%. 30 year VA FRM interest rates have been offered at 2.99% and APR of 3.35%.
Shorter term 15 year FRMs have been quoted at 3.50% and APR of 3.78% today.
As far as ARMs go, 5 year loans have been published at 3.875% at Quicken Loans and APR of 4.138%.
Market Impact on Mortgage Rates
Published refinance rates sometimes go up and down because of mortgage related bond prices that go in the same direction as the stock market. Wall street increased by market close today to leave the DJIA at 21066.00.
However Quicken Loans didn’t keep with the DJIA today.