BB&T Bank’s Mortgage Home Loan Rates on May 7, 2014

BB&T Bank's Mortgage Home Loan Rates on May 7, 2014

In its new mortgage rate chart, Branch Banking and Trust Corp (NYSE: BBT) published same benchmark 30 year fixed mortgage interest rates on May 7, 2014. This Wednesday, the eligible borrowers, who are planning on stopping by the local branches of BB&T bank, will find no change in the lending rates at which the ideal home purchase and standard refinancing home loans are traded in the market.

To start with, the standard, long term, 30 year fixed rate mortgage home loan deals are now coming out at an interest rate of 4.250% and are accompanied by an annual percentage rate of 4.750% today. However, in the short term lending section, the interested customers can spot the 15 year fixed rate mortgage home loans listed against an interest price of 3.250% and an APR yield of 3.896% this Wednesday.

In the exclusive lending division, for the borrowers, who aren’t interested in the long term deals and aren’t really satisfied with the 15 year packages, the bank offers its midterm, 20 year fixed rate mortgage loans at a lending price of 4.000% and an annual percentage return of 4.532% today. Alternatively, the financing options with shortest time period, 10 year fixed rate mortgage home loan deals, can now be locked in at an interest rate of 2.875% and an APR yield of 3.615%.

Shifting interest towards the refinancing home loan options, the interested borrowers can spot the popular 30 year fixed rate mortgage home loans being traded at an interest rate of 3.750% and carrying an APR yield of 3.883% today. However, the relatively shorter, 15 year counterparts of the 30 year refinancing fixed rate home loan plans can now be locked in at an interest rate of 4.375% and an annual return rate of 4.898% this Wednesday.

When it comes to the exclusive lending options, the potential refinance seekers can opt for the 20 year, midterm, refinancing fixed rate mortgage home loans, which are now published against a lending rate of 3.375% and are backed by an APR yield of 3.967%. On the contrary, the shortest, 10 year refinancing fixed rate mortgage home loans are now up for grabs at an interest rate of 3.750% and an annual percentage return of 4.406% today.

Mortgage interest rates quoted by banks normally fluctuate on the basis of price changes tasted by the mortgage backed bonds and securities, which are known to track the stock market movements on a regular basis. As the stock market plummeted by the end of the trading day and left the DJIA index at 15337.70, BB&T moved along with the same line and published its mortgage rates. Irrespective of the lending rates, the prices of BBT shares increased by +1.13% and touched a new price level of 35.72.

Disclaimer: The advertised rates were submitted by each individual lender/broker on the date indicated. Rate/APR terms offered by advertisers may differ from those listed above based on the creditworthiness of the borrower and other differences between an individual loan and the loan criteria used for the quotes.

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About the author

Rob is a analyst and reporter covering stocks and business news.