The most important factor to consider in purchasing a house is actually the mortgage rates. Many people will ask why the rates when there are so many other factors to consider in buying a house. Well, the answer is simple. Mortgage rates are very important especially since most people can only buy a home for their family through mortgage loans. This is a fact especially now that everything is in financial recession. There are a lot of people without homes and there are a lot of houses for sale and obviously the only way for people and families to acquire a house is through a loan from banks and other financial associations.

One of the banks that people can go to for mortgage rates and loans is Sun Trust Bank. They provide and cater to needs in terms of credit, trust, deposit, investments, and many more. People will definitely find what they want in this bank especially in terms of mortgage rates. For those who want to inquire and get a loan from them then they can just do it anytime but for the meantime, those who want to know more about the mortgage rates they have right now then this is the right article for you.

Their rates as of June 29, 2012 are quite competitive and thus it is a good chance for people who are interested of getting the loans to start now. For their 30 year fixed conventional loan, the interest rate is 3.990% with an annual percentage rate or APR of 4.0938%. While for the 15 year fixed conventional, the interest rate is 3.500% and the APR is 3.6814%. On the other hand, those who want the 30 year jumbo fixed will have an interest rate of 4.375% with an APR of 4.4719%. These are just some of the mortgage rates they have that interested individuals and families can get. So for those who are planning of getting mortgages should carefully inquire from Sun Trust Bank and when they want the rates then they can apply and wait whether they can get the approval or not.

Leave a Reply

Your email address will not be published. Required fields are marked *