After experiencing an unvaryingly bumpy ride for the past few days, the benchmark 30 year fixed mortgage interest rates at Branch Banking and Trust Corp (NYSE: BBT) tasted some changes on March 4, 2014. In the most up to date mortgage information chart made available for the public this Tuesday, the new home purchase and the refinancing deals are listed against tweaked interest figures as compared to the yesterday’s numbers.
Today, in the standard, long term lending division of BB&T, the interested customers can find the 30 year fixed rate mortgage home loan deals being published against a lending charge of 3.625% and an annual percentage rate of 3.925%. For the borrowers, who are keen on taking the shorter route towards home financing, the bank is currently offering its best 15 year fixed rate mortgage home loans at an interest cost of 4.375% and an APR yield of 4.866% today.
In the unique lending division, the customers, who aren’t really impressed by the interest and APR yields of 30 year and 15 year deals, can spot the mid-term, 20 year fixed rate mortgage home loan plans being tagged with an interest cost of 3.250% and an APR yield of 3.896% today. On the other hand, the shortest, 10 year fixed rate home loan packages can be secured at a lending charge of 3.625% and are yielding an APR of 4.451%.
Heading towards the refinancing mortgage section, the interested home loan seekers can spot the popular 30 year fixed rate mortgage deals being traded at an interest cost of 3.625% and an annual percentage yield of 3.893%. For the borrowers, who are looking forward to acquire short term lending options, the 15 year refinancing fixed rate mortgage home loan deals would be an ideal pick at an interest rate of 4.250% and an APR yield equivalent to 4.772% today.
As far as the unique, midterm home loan deals are considered, the bank published its 20 year refinancing fixed rate home loan plans at an interest rate of 3.250% and an APR yield of 3.859% today. However, the shortest, 10 year refinancing fixed rate mortgage home loan deals are up for grabs at a lending rate of 3.625% and an APR yield of 4.418%.
The mortgage interest rates published by the banks generally go up and down depending upon the price of mortgage backed bonds and financial securities, which generally trail the stock market movements on any normal trading day. As the Wall Street lost its ground towards the end of the trading day, leaving the DJIA index down at 15337.70, BB&T blindly followed its movement and published its mortgage interest rates accordingly. Irrespective of the interest rates, the stock price of BBT shares increased by +0.40 and touched a new mark 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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