SunTrust Mortgage Rates August 10, 2010
SunTrust Mortgage rates have continued to move lower along with the rates offered by most of the major U.S. bank mortgage lenders. SunTrust mortgage is 100% subsidiary of SunTrust Bank. SunTrust mortgage offers a variety of mortgage programs including fixed rate home loans, adjustable rate mortgages, FHA mortgages and jumbo mortgages in all the 50 states.
The mortgage rates, points and closing costs presented for online mortgage applications by SunTrust Mortgage may vary based on specific loan features such as down payment, loan amount, debt ratios, the geographic location and other terms and conditions.
Current mortgage rates advertised by SunTrust Mortgage for online mortgage applications include:
A 30 year fixed rate mortgage loan is at 4.375% with 1.125 points for a 4.501% APR.
15 year fixed mortgage rate of 3.750% and 1.375 points with an APR at 4.002%.
Jumbo 30 year mortgage rate is at 5.125% and 1.0 point resulting in a 5.239% APR.
The 30 year FHA mortgage rate from SunTrust Mortgage is at 4.375% and 1.0 point and a 4.901% APR.
Two adjustable rate mortgage loans from SunTrust include the 5/1 ARM and 7/1 ARM.
A 5/1 adjustable rate mortgage that has a fixed rate for the initial five years of the loan 3.375% and 1.0 point with an APR at 3.412%
A 7/1 adjustable rate mortgage that has a fixed rate for the initial seven years of the loan has a mortgage rate of 3.625% with 1.125 points and a 3.553% APR.
The listed SunTrust mortgage rates, points and closing costs are subject to change by the bank without notice. The mortgage rates are examples of rates available for a 60 day loan lock on a single family, owner-occupied properties with down payment of 20% or greater, for mortgage loan applications submitted using our the SunTrust Mortgage online loan application.
Large U.S. banks, including SunTrust Bank, have been originating a larger share of residential mortgages since the credit crisis started. Bank lender mortgage rates for both purchase and refinance have reached historic lows. Many interest rate watchers however, believe that mortgage rates may not finished bottoming out for the year.
Mortgage interest rate movements are as hard to predict as just about any investment and no one can be certain whether mortgage interest rates will continue to push lower or turn around and go up. Borrowers seeking to purchase a new home should make sure they are comfortable with the investment and shop for the best mortgage rate and service without paying too much attention to the direction of interest rates, even the experts miss the boat on rate predictions on a regular basis.
To find a SunTrust Mortgage loan officer to help with the mortgage process, the toll free number is 800-634-7928.
FHA Mortgage Rates from the Top 5 FHA Bank Mortgage Lenders July 1, 2010
Long term FHA mortgage rates moved lower for the week based on the most recent survey of the top FHA bank mortgage lenders completed by Findlocalmortgagerates.com on July 1, 2010. The rate on the 30 year fixed rate FHA home loan dropped down to 4.675% this week. The average points charged to obtain that rate was also lower at 0.65 points.
The average 30 year FHA mortgage rate from the top 5 FHA bank mortgage lenders came in at 4.675% with 0.65 points and an APR of 5.106%.
FHA mortgage rates continued to drop along with conventional loan rates and the Treasury rates. Mortgage rates closely track the rates of the widely followed ten year Treasury bond and the ten year closed at its lowest level of the year, portending lower rates in the immediate future.
The top five bank mortgage lenders in the FHA mortgage rate survey include; Bank of America Home Loans, Wells Fargo Home Loans, US Bank, SunTrust Mortgage and HSBC Mortgage.
The results of the survey including the individual bank mortgage rates, points and APR’s are listed below.
Bank of America’s 30 year FHA mortgage rate is 4.625% with 1.0 point with an APR of 4.780%.
Wells Fargo Home Loans offers the 30 year FHA mortgage loan with a mortgage rate of 4.625% and 1.0 point with a 5.364% APR.
US Bank markets the 30 year FHA mortgage rate at 4.750% with no points and a 5.271% APR.
SunTrust Bank’s 30 year FHA mortgage has a mortgage rate of 4.625% with 1.25 points and a 5.186% APR.
HSBC Mortgage has an FHA home loan with a mortgage rate of 4.750% with no points and an APR of 4.931%.
Long term FHA mortgages are designed to provide low down payment financing and are one of the few options available for home buyers trying to finance a new home with as little cash as possible. The fixed rate mortgage provides a borrower with the security of a monthly payment that won’t change over the life of the life of the loan.
Mortgage rates listed are for owner occupied single family primary residences for loan amounts of $200,000.00. Mortgage loan programs, mortgage rates, terms and conditions are subject to change without notice. All loans require bank approval, additional conditions and some restrictions may apply.
The bank FHA mortgage lenders listed offer a variety of mortgage loan options and mortgage loan programs. For more information on the mortgage lenders listed and current FHA mortgage rates, the contact numbers are:
Bank of America 800-586-9861
Wells Fargo Home Loans 877-937-9357
US Bank 888-831-7524
SunTrust Mortgage 800-634-7928
HSBC Mortgage 800-975-4722
Top 5 FHA Bank Mortgage Lender Rates June 9, 2010
30 year FHA mortgage rates were mostly unchanged based on the survey of the top 5 FHA bank mortgage lenders performed by Findlocalmortgagerates.com June 9, 2010. The average FHA mortgage rate for a 30 year term home loan was down by 2.5 basis points from the previous week but the points charged to obtain that rate rose by 7.5 basis points. One basis point is equal to 1/100 of a percent.
The average 30 year FHA mortgage rate survey stood at 4.725% down from 4.75% in the prior week while the average pints charged was 0.825 points, up from 0.75 points in the preceding week.
FHA mortgage rates continue to be hovering around the same level as conforming loans. For example, Wells Fargo offers the same rate and points for a 30 year conforming loan and a 30 year FHA loan. Despite the same note rate, the APR on the two loans is different. FHA loans typically have slightly higher costs that result in a higher APR because of higher fees including mortgage insurance costs.
The top five bank mortgage lenders in this week’s survey included; Bank of America Home Loans, Wells Fargo Home Loans, US Bank, SunTrust Mortgage and HSBC Mortgage.
The results of the survey including the individual bank mortgage rates, points and APR’s are listed below.
Bank of America Home Loans offers the 30 year FHA mortgage rate at 4.50% with 1.5 points resulting in an APR of 4.673%.
Wells Fargo Home Loans markets the 30 year FHA loan at 4.750% with 1.0 point and a 5.497% APR.
US Bank’s 30 year FHA mortgage rate is 4.875% with no points and a 5.402% APR.
SunTrust Bank’s 30 year FHA mortgage rate is 4.625% with 1.625 points and a 5.129% APR.
HSBC Mortgage markets an FHA home loan with a 30 year terms with a mortgage rate of 4.875% with no points for a 5.057% APR.
The FHA mortgage rates listed are current as of this publication date but are subject to change by the mortgage lenders at their discretion without notice. All mortgage loans are subject to bank or mortgage lender approval. FHA mortgage rates listed are based on home loan amounts of approximately $200,000.00 for owner occupied, single family homes. Individual loan attributes such as property value, the borrower’s assets, income and credit profiles, as well as the geographic location may lead to different rates, points and APRs.
The bank FHA mortgage lenders listed offer a variety of mortgage loan options and mortgage loan programs. For more information on the mortgage lenders listed and current FHA mortgage rates, the contact numbers are:
Bank of America 800-586-9861
Wells Fargo Home Loans 877-937-9357
US Bank 888-831-7524
SunTrust Mortgage 800-634-7928
HSBC Mortgage 800-975-4722
FHA Mortgage Rates Survey April 28, 2010
FHA home loan rates were moderately higher this week, based on the weekly survey of FHA mortgage rates performed by Findlocalmortgagerates.com. The results of the survey were somewhat mixed as the mortgage rate rose moderately while the average points charged by the FHA mortgage lenders in the survey was slightly lower.
The average FHA mortgage rate on a 30 year fixed rate home loan in the survey was 5.075%, up from last week’s average rate of 5.050%. The average points charged to obtain that rate was 0.625 which is down from last week’s average points charged of 0.725.
The largest FHA mortgage lenders in the survey included: Bank of America Home Loans, Wells Fargo Home Loans, US Bank, SunTrust Mortgage and HSBC Mortgage. The interest rate spread between the highest mortgage rate and the lowest remains extremely narrow. The lowest rate was 4.87% while the highest mortgage interest rate came in at 5.25%. Points charged ranged from no origination or discount points to as high as 1.125 points.
The current FHA mortgage rates, points and APRs on a 30 year fixed rate home loan from the top five mortgage lenders included the following:
Bank of America Home Loans offers a 30 year fixed rate FHA loan at 4.875% with 1.125 points and a 5.041% APR.
Wells Fargo Home Loan has a rate of 5.125% with 1.0 point on their 30 year FHA loan with a 5.897% APR.
The US Bank FHA mortgage rate for a 30 year term is at 5.250% and no points with a 5.792% APR.
SunTrust Bank offers a 30 year FHA mortgage rate at 5.000% with 1.0 point with a 5.463% APR.
HSBC Mortgage’s 30 year fixed rate FHA loan is at 5.125% with no points and a 5.310% APR.
The mortgage rates and points listed are current as of this publication date but are not guaranteed and are subject to change. The FHA mortgage rates are based on mortgage loan amounts of approximately $200,000.00 for owner occupied, single family homes based in Illinois. All mortgage loans are subject to bank or mortgage lender approval.
For more information the mortgage lenders listed and current FHA mortgage rates, these mortgage lenders can be reached at the following numbers:
Bank of America 800-551-7975
Wells Fargo Home Loans 877-937-9357
US Bank 888-831-7524
SunTrust Mortgage 800-634-7928
HSBC Mortgage 800-975-4722
FHA Mortgage Rates April 1, 2010
Mortgage rates for FHA loans rose modestly as of March 31, 2010. The average FHA mortgage rate stood at 5.15% and 0.70 points based on sample of the largest US mortgage lenders taken from the weekly survey of FHA mortgage rates performed by Findlocalmortgagerates.com.
The sample of mortgage lenders for this week’s FHA mortgage rate survey includes Bank of America, Wells Fargo, US Bank, SunTrust Mortgage and HSBC Mortgage. The mortgage rates are current as of April 1, 2010 for FHA loans originated by the mortgage lenders.
The current FHA mortgage rates offered by these financial institutions are as follows:
Bank of America 30 year fixed rate FHA loan rate is 5.125% with 1.125 points and a 5.317% APR.
Wells Fargo Home Loans FHA loan rate for a 30 year fixed rate loan is 5.250% with 1.00% and an APR of 5.665%.
US Bank has offers an FHA mortgage with a 5.250% and no points and a 5.792% APR.
SunTrust Bank’s FHA home loan is at 4.875% with 1.375 points and an APR of 5.460%.
HSBC Mortgage promotes a 30 year fixed rate FHA loan at 5.250 with no points and a 5.436% APR.
The APR listed can be utilized by home buyers to compare different mortgages based on the annual cost for each loan. The monthly mortgage payment for a home loan is based on the note rate, the note rate does not take into consideration the cost of obtaining the loan including the points paid and other closing costs that are factored into the APR.
The Annual Percentage Rate (APR) stated is a measurement used to evaluate the actual loan cost over the life of the loan and is generally higher than the stated note rate since it takes into account the following costs along with the mortgage note rate: points, mortgage insurance and closing costs. The APR is a required disclosure required by the Federal Truth-In-Lending Act.
Additional mortgage rates and point options are available from these mortgage lenders. Mortgage rates are believed to be accurate but can change at any time. The accuracy of the home mortgage details is not guaranteed.
All home loans are subject to bank or mortgage lender approval. Some mortgage loan products may have geographic restrictions and other restrictions may apply.
For current FHA mortgage rates and loan terms contact the lenders directly. The following list covers the contact information for the listed bank mortgage lenders.
Bank of America 800-551-7975
Wells Fargo Home Loans 877-937-9357
US Bank 888-831-7524
SunTrust Mortgage 800-634-7928
HSBC Mortgage 800-975-4722