BB&T Lowers its Mortgage Rates on November 20, 2013

BB&T Lowers its Mortgage Rates on November 20  2013This Wednesday did bring along a good piece of news for the potential borrowers as the Banking Branch and Trust (NYSE: BBT) lowered its standard 30 year fixed mortgage interest rates. According to the latest published data, BB&T has published improved mortgage rates on November 20, 2013, thereby making its loan products more attractive in the eyes of the mortgagors.

The benchmark 30 year fixed rate mortgage loans are now listed at an improved interest rate of 3.625% and come along with an APR yield of 3.935%. In the short term category, the best 15 year fixed rate mortgages can be acquired at an interest rate of 4.250%, which yield an annual percentage yield of 4.750% on Wednesday.

In the unique financing division, the bank publishes its standard 20 year fixed rate mortgage loans at an interest rate of 3.250% and an APR yield of 3.840%. An even shorter 10 year fixed rate mortgage scheme is also available for the interested borrowers at an interest cost of 3.625% and an APR yield of 3.840%.

For the borrowers interested in opting for the refinancing interest rates, the lender provides the standard 30 year refinancing fixed rate mortgage loans at a new interest rate of 3.625% and a better APR yield of 3.935%. The short term financing category is adorned by the best 15 year refinancing fixed rate mortgage options that can be obtained at a starting rate of 4.250% and carry an ARP yield of 4.750%.

BB&T also adds the unique category financing options to the refinance department and provides impressive 20 year refinancing fixed rate mortgages at an interest rate of 3.250% and come along with an APR yield of 3.840%. The loan options with the shortest tenure, the 15 year mortgage interest rates have been quoted at a rate of 3.625% today and are accompanied by 4.462% APR yield.

The mortgage rates of some big banks often fluctuate due to the prices of mortgage backed bonds and securities that banks trade in financial markets, which normally go up or down by following the stock market movements.

The stock market waned by the end of the day and closed, leaving the DJIA index at 15337.70. At least today, the BB&T mortgage rates were perfectly synced with the direction of the stock market. By the end of the trading day, the BBT stock prices took a higher route and touched the 35.72 mark.

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.