BB&T Hiked its Standard Mortgage Home Loan Rates on February 6, 2014

This week, after remaining flat for three days in a row, the interest rates at which the standard home loan deals are available at Branch Banking and Trust (NYSE: BBT) showed an upward movement,for the first time, on February 6, 2014. The mortgage shoppers who plan on visiting the local branches of the US based mortgage lender will find a sudden rise in the benchmark 30 year fixed mortgage interest rates today.

As of now, according to the updated mortgage information released by the bank, the standard, 30 year fixed rate long term mortgage home loan deals are up for grabs at an interest rate of 3.625% and an annual percentage rate of 3.904%. In the relatively shorter home financing section, the interested customers can find the popular 15 year fixed rate mortgage packages being traded at an interest price of 4.250% and carrying an APR yield of 4.773% today.

In the exclusive lending division, the mortgage shoppers, who aren’t happy with the rates of standard loan options, can find the midterm, 20 year fixed rate mortgage home loans being published against a lending charge of 3.250% and being accompanied by an APR yield of 3.916% today. However, the interested borrowers can also lock in the shortest, 10 year fixed rate home loan deals at an interest cost of 3.625% and an APR yield of 4.430% this Thursday.

Shifting sights to the refinancing home loan options, the bank is currently offering its popular 30 year fixed rate mortgage home loans at an interest rate of 3.625%, which come along with an APR yield of 3.904% today. However, the short term, 15 year counterparts of the 30 year refinancing fixed rate mortgage deals can be acquired at an interest rate of 4.250% and an APR yield of 4.773%.

For the seekers of unique lending options, the bank publishes its midterm 20 year refinancing fixed rate mortgage home loans at a lending rate of 3.250% and an APR yield of 3.916% today. On the other hand, the shortest, 10 year refinancing FRM home loan packages can be locked in at an interest rate of 3.625% and an APR yield of 4.430%.

Yesterday, the Arlington branch of BB&T bank, located on the South Quincy Street, was robbed by two robbers at gunpoint. The robbery took place around 12:15 pm as the robbers reached the teller and asked him to hand over the money at gunpoint. The robbers, described as wearing dark jackets, a ski mask and light colored gloves, managed to flee from the bank with an undisclosed amount of cash. 

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.