BB&T Published its Mortgage Interest Rates on December 27, 2013

BBT Published its Current Mortgage Interest Rates on December 27 2013At the end of the week, Branch Banking and Trust Company (NYSE: BBT) decided to publish the benchmark 30 year fixed mortgage interest rates without any change. Today, the borrowers interested in acquiring long term home purchase and refinancing loans from BB&T bank will find no change in the mortgage interest rates. However, the bank increased the lending rate of its short term offerings a bit on December 27, 2013.

As per the newly released mortgage information by the North Carolina based lender, the standard 30 year fixed rate mortgage home loans are available for the interested mortgage shoppers at the same interest rate of 4.125% and carry an APR yield of 4.270% today. However, those who are keen on taking the shorter road for financing their new home investment will have to pay a higher interest cost of 4.625% for locking in the 15 year fixed rate mortgage loans, which come along with an APR yield of 5.127% today.

In the exclusive lending zone, the bank offers mid-term, 20 year fixed rate mortgage home loans at an interest rate of 3.500% and an annual return of 4.146%. However, the shortest, 10 year fixed rate mortgage home loans are coming out at an interest rate of 4.125% and carry an APR yield of 4.796%.

When it comes to refinancing loan offerings, BB&T publishes the standard 30 year fixed rate mortgage home loans at an interest rate of 4.125% today and an annual return rate of 4.270% in the bank’s loan books. Alternatively, the short term, 15 year refinancing fixed rate home loan packages are coming out at a higher interest rate of 4.625% and carry an annual percentage rate of 5.127%.

As far as the exclusive lending options are considered, the borrowers can find the mid-term 20 year fixed rate home loan plans listed at an interest rate of 3.500% and an APR yield of 4.146% today. However, the shortest, 10 year refinancing fixed rate home loan schemes are up for grabs at an interest cost of 4.125% and an annual return of 4.796% today.

The mortgage interest rates at banks are generally affected by the change in the prices of the mortgage backed financial securities, which follow the stock market movements on any normal trading day. As the securities lost some ground and left the DJIA index stranded at 15337.70, BB&T followed the movement blindly and published the mortgage rates accordingly. However, the stock price of BBT shares moved up by +0.40 and closed at a price 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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About the author

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