BB&T Makes No Change to its Mortgage Interest Rates on April 14, 2014

BB&T Makes No Change to its Mortgage Interest Rates on April 14, 2014At the beginning of a new trading week, the US based mortgage provider, Branch Banking and Trust Corp (NYSE: BBT) are offering the standard home purchase and refinancing mortgage deals at the same interest rates as towards the end of previous week. As per the mortgage charts released by the bank on April 14, 2014, the benchmark 30 year fixed mortgage interest rate figures are hanging around the same spot as last week, which might grab the attention of prospective home buyers today.

To start off with, in the standard, long term home loan section, the bank is currently offering its best, 30 year fixed rate mortgage home loans, at an interest rate of 4.250% and an annual percentage rate of 4.772%. On the other hand, for the borrowers interested in taking a short cut, BB&T publishes 15 year fixed rate mortgage home loan deals in its loan books at an interest rate of 3.250% and an annual percentage yield of 3.860% today.

In the exclusive home loan division, the interested borrowers opt for the midterm, 20 year fixed rate mortgage home loan packages, which are now being traded at a lending rate of 4.000% and are backed by an annual return rate of 4.553, if they find 30 years to be a long period for financing a home, or aren’t satisfied with the interest and return rates of the short term deals. However, the shortest, 10 year fixed rate mortgage home loan plans can be locked in at an interest price of 2.875% and an APR yield of 3.616% this Monday.

As far as the refinancing mortgage options are considered, the mortgage lender is still offering its popular, 30 year, fixed rate mortgage home loans, at an interest rate of 3.750% and an APR yield equivalent to 3.883%. Alternatively, the short term, 15 year counterparts of the 30 year refinancing fixed rate mortgage plans are up for grabs at an interest cost of 4.375% and an APR yield of 4.898%.

In exclusive refinancing department, for the borrowers, who are not happy with the interest costs of 30 year loan options, or do not find the 15 year mortgage useful enough for their purposes, the bank offers midterm, 20 year fixed rate mortgage home loans at an interest rate of 3.375% and an APR yield of 3.967%. On the other hand, the shortest, 10 year refinancing fixed rate mortgage home loan options are now tagged with an interest price of 3.750% and are offering an APR 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.