BB&T published 30 year fixed and refinance mortgage rates (November 14, 2013)

BBT published 30 year fixed and refinance mortgage ratesBB&T published its best 30 year fixed rate mortgages at a starting rate of 3.875%, which come along with an APR yield of 3.987%. The short tenure, 15 year fixed rate mortgages is available at the same rate of 4.375%, but yield a bit lower APR of 4.887% as compared to the APR yield that averaged yesterday.

In its unique fixed rate mortgage category, BB&T provides 20 year fixed rate mortgage loans for the mortgagors who are ready to pay an interest charge of 3.250% and are willing to enjoy an annual percentage yield of 3.877%. The 10 year fixed rate mortgages, on the other hand, are listed at a rate of 3.875% and carry an APR yield of 4.510%, which also fluctuated a bit from the yield estimated yesterday.

Heading towards the refinancing wing of the Banking Branch and Trust Corp, the lender publishes the best 30 year refinancing fixed rate mortgage loan schemes at a rate of 3.875%, which are companied by an annual percentage yield of 3.987%. The relatively shorter, 15 year refinancing fixed rate mortgages is also available in the bank’s portfolio at a rate of 4.375% and come with an APR yield of 4.887%.

The bank also provides the option of taking 20 year refinancing FRM loans at an interest rate of 3.250% and an APR yield of 3.877%. For those who are looking for financing options with an even shorter time period, the 10 year refinancing fixed rate mortgages would be an ideal option at an interest rate of 3.875%, which come along with an APR yield of 4.510%.

Today, BB&T Corp made the decision to shift about 500 employees back to its large back-office operations at the branch near Piedmont Triad International Airport. About half of this workforce includes newly hired professionals and the remaining has been re-recruited from the existing branches of the bank.

According to the senior officials at the bank, the central branch is expected to have more than 800 employees by the end of the year. Of all the job positions to be created at the center, the bank is aiming to allot maximum number of jobs, which is 250 as of now, to the mortgage operations division.

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.

For comments and suggestions, leave a message in the comments section below. Like and Follow our Facebook page for more stories and to stay up-to-date with the latest happenings.

About the author

Rob is a analyst and reporter covering stocks and business news.