BB&T Made No Change to its Mortgage Interest Rates on April 9, 2014

Today, at the US based mortgage provider, Branch Banking and Trust Corp (NYSE: BBT), the benchmark 30 year fixed mortgage interest rates are holding firm, thereby not making the qualified borrowers anxious about paying higher lending charges or giving them a reason to celebrate with lower interest costs. According to the most up to date mortgage information released by the bank on April 9, 2014, the new home purchase and refinancing deals are coming out at the same interest rates as yesterday. 

To begin with, in the standard, long term lending section, the bank is now offering its 30 year fixed rate mortgage loans at an interest rate of 3.750% and an annual percentage rate of 3.883% today. On the other hand, the home financing options with a relatively shorter tenure, the 15 year fixed rate mortgage home loans can be locked in at an interest rate of 4.375% and an APR yield of 4.898% this Wednesday.

In the unique home loan division, for the borrowers who aren’t satisfied with the standard home loan deals, the bank highlights its midterm, 20 year fixed rate mortgage deals, in its loan portfolio, against a lending charge of 3.375% and an annual percentage yield of 3.967% today. Alternatively, the shortest, 10 year fixed rate mortgage loans can now be locked in at an interest rate of 3.750% and an APR yield of 4.406% today.

Heading towards the refinancing home loan department, BB&T offers its popular 30 year fixed rate mortgage home loans to the customers, who are interested in refinancing their existing home investments, at a lending rate of 3.750% and an annual percentage return of 3.883%. However, the short term, 15 year counterparts of the 30 year refinancing fixed rate mortgage options can be seen advertised at an interest rate of 4.375% and an annual return rate of 4.898% this Wednesday.

When it comes to the exclusive refinancing section, for the mortgage shoppers, who are not happy with the 30 year mortgage deals, and find the 15 year loan options to be a bit expensive, the bank is currently offering its 20 year refinancing fixed rate mortgage loans at an interest cost of 3.375% and an APR yield of 3.967%. On the other hand, the shortest, 10 year refinancing fixed rate mortgage home loan packages can be seen trading at a lending rate of 3.750% and carrying an annual percentage yield of 4.406%. 

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.