The benchmark 30 year fixed mortgage interest rates at Branch Banking and Trust (NYSE: BBT) edged up on December 26, 2013. The customers stopping by the local branch of BB&T bank will find a sharp rise in the rates at which the new home purchase and refinancing bank loans are coming out today.
In the long term home purchase segment, the North Carolina based mortgage lender advertises its standard 30 year fixed rate home loans at an increased interest rate of 4.125% and yield an annual percentage rate of 4.238% today. The 15 year counterpart of the 30 year fixed rate mortgage home loans are now traded at a lending rate of 4.500% and are accompanied by an APR yield of 5.056%.
In the unique lending section, the bank offers midterm, 20 year fixed rate mortgage home loan packages against a lending charge of 3.500% and an annual return of 4.128% on the initial amount of loan acquired from the bank. Alternatively, the shortest, 10 year fixed rate mortgage home loans are up for grabs at an interest rate of 4.125% and come along with an APR yield of 4.764% today.
When it comes to the refinancing loaning section, the potential customers can find the best 30 year fixed rate mortgage options being published at a rate of 4.125%, along with an annual return rate of 4.238%. However, this Thursday, the shorter, 15 year refinancing fixed rate mortgage schemes, are listed against a lending rate of 4.500% and carry an APR yield of 5.056%.
For the borrowers interested in something different, the bank includes the midterm, 20 year refinancing fixed rate home loan packages in its loan portfolio at an interest rate of 3.500% and an APR yield of 4.128%. On the other hand, the shortest, 10 year refinancing fixed rate mortgage home loans are coming out at a rate of 4.125% and an APR yield of 4.764% today.
Mortgage interest rates published by the banks are normally influenced by the price fluctuations of the mortgage backed bonds and securities, which move along with the stock market indexes. However, as the Wall Street plummeted by the end of the day and closed at a reduced DJIA index of 15337.70, BB&T did not follow the trail and published its mortgage rates independently. The stock prices of BBT shares did improve by +1.13% and closed at a new price point of 35.72 by the end of the trading day.
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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