The overall mortgage interest rates remained unchanged at Branch Banking and Trust (NYSE: BBT) on Tuesday, December 17, 2013. The customers planning on going ahead with the lending options available with BB&T will find the benchmark 30 year fixed mortgage interest rates flat. However, the lender made only a few changes to the schemes available in the unique lending category today.
A closer look at the new mortgage charts released by the lender will reveal that the standard, 30 year fixed rate mortgage loans are still coming out at an interest rate of 4.000% and are accompanied by an annual percentage rate of 4.122%. Likewise, the short term, 15 year fixed rate mortgage packages also retained their interest rates and continue being traded at a rate of 4.500% today, yielding an APR equivalent to 5.012%.
When it comes to the exclusive loan categories published in the portfolio, the potential home buyers will find the mid-term, 20 year fixed rate mortgage home loans quoted at a higher rate of 3.500% today and carrying an APR yield of 4.072%. Alternatively, loan schemes with the shortest time span, the 10 year fixed rate mortgage loans, can be obtained by bearing an interest payment of 4.000% and an APR yield of 4.648% to start with.
In the refinancing arena of the North Carolina based mortgage lender, the interest rates of the 30 year fixed rate mortgage deals remained steady at 4.000% and are backed by an APR yield of 4.122%. When it comes to short term refinancing plans, the bank offers the 15 year FRM deals at a rate of 4.500% and an APR yield of 5.012%.
As far as the unique lending schemes go, the mortgage lender offers the 20 year refinancing fixed rate mortgage home loans at a higher interest rate of 3.500% today and an APR yield of 4.072%. The shortest, 10 year refinancing FRM home loans are up for grabs at the same interest rates of 4.000% and carry an APR yield of 4.648%.
The mortgage interest rates often fluctuate on the basis of the changes in the price of mortgage backed bonds and securities, which normally trail the movements of the Wall Street. As the stock market lost its ground by the end of the trading day and left the DJIA index hanging at 15337.70, BB&T followed the market and published its rates accordingly. However, the price of BBT shares rose up by +0.40 and closed at 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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