The interest rates of 30 year loan at the Citi Group is been advertised at 4.000% which has been yielding an APR of 4.215%. On the other hand, the 15 year fixed rate mortgage was offered for 3.125% by the prestigious bank capitulating an APR of 3.423%. Looking at the 30-year refinance loan, the interest rates were presented at 4.125 %, which further capitulated an APR of 4.293% today. The refinance loan for 15-year short term was offered at 3.250% that yielded an APR of 3.540 today.
Comparing the BB&T Corp. the 30-year long loan was offered at a lower interest rate of 3.625% that capitulated an APR of 3.819%. The organization offered the 15 year fixed rate mortgage at 4.250% yielding an APR of 4.740%. The shorter-term 15-year refinance loans had again been advertised at 4.250% acquiring an APR of 4.740%. Looking at the other fixed rate mortgages, the 10-year fixed rate mortgage stood at 3.625% and capitulated an APR of 4.343%. On the other hand, 20 year fixed rate mortgage rates were today offered at 3.250% acquiring an APR of 3.860%.
Looking at the Mortgage rates offered by the SunTrust bank, the 30 year fixed rate mortgages were offered at an interest rate of 3.625% yielding an APR of 3.752%. The interest rate was quite similar to those offered by BB&T Corp. bank. The 30 year FRM’s were advertised by 3.400% that capitulated an APR of 4.458%. The bank offered shorter term 15 year fixed rate mortgages at an interest of 2.800%, which yielded an APR of 3.028%.
Evaluating the three banks, the BB&T and Corp and SunTrust Bank offered similar interest rates for 30-year long loan, while Citi Group offered slightly higher interest rates. In addition, the SunTrust bank offered the lowest interest rate of 2.800% on 15-year fixed loans whereas Citigroup and BB&T offered higher interest rates of 3.125% and 4.250% respectively.
The rates quoted above are basically the average advertised by a particular lending company. No guarantee of taken from the lender’ aspect whether the borrower will qualify for the mortgage rates mentioned in the article. The lenders dole out interest depending upon various facets, some of which may be unique to the borrower.