BB&T Publishes Improved Mortgage Interest Rates on April 8, 2014

This Tuesday, after rowing along a steady stream for the past couple of weeks, the benchmark 30 year fixed mortgage interest rates at the US based mortgage lender, Branch Banking and Trust Corp (NYSE: BBT) came up with a pleasant surprise for the potential home buyers. As per the new mortgage information released by the bank on April 8, 2014, the ideal home purchase and refinancing home loans are coming out at improved interest rates, which will certainly prove beneficial to the bank today.

As of now, in the standard, long term home lending section, the interested borrowers can find the 30 year fixed rate mortgage home loan deals being listed next to a reduced interest rate of 3.750% and an annual percentage rate of 3.893%. However, for the seekers of somewhat shorter home loan deals, the bank offers its 15 year fixed rate mortgage home loans at an interest rate of 4.375% and an annual percentage yield of 4.909% today.

In the exclusive financing division, the borrowers, who are not happy with the standard and short term options offered by the bank, can find the midterm, 20 year fixed rate mortgage home loans being traded at an interest rate of 3.375% and carrying an annual percentage rate of 3.986% today. On the other hand, the shortest, 10 year fixed rate mortgage packages can be locked in at an interest price of 3.750% and an annual return equivalent to 4.416% this Tuesday.

When it comes to the refinancing mortgage deals, the interested customers can spot the popular 30 year fixed rate mortgage home loan plans being traded at an interest price of 3.750% and being backed by an annual percentage return of 3.872% today. Alternatively, the short term, 15 year counterparts of the 30 year refinancing fixed rate mortgage home loan deals can be locked in at an interest cost of 4.375% and an APR rate of 4.375% and an APR yield of 4.888%.

For the borrowers, who find 30 years to be a quite long period for financing the home investments and are not quite happy with the interest and return rates that accompany the short term deals, the bank is now offering its unique, 20 year fixed rate mortgage home loans at an interest cost of 3.375% and an annual return rate of 3.949% today. However, the shortest, 10 year refinancing fixed rate plans are coming out at an interest price of 3.750% and an APR yield of 4.395% today. 

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.