Branch Banking and Trust Corp (NYSE: BBT) made no changes to its benchmark 30 year fixed mortgage interest rates on January 9, 2014. The potential home buyers won’t have to digest any unpleasant surprises in regards to obtaining home purchase or refinancing home loans from the US based lender.
According to the latest home loan information released by the mortgage lender online, the long term 30 year fixed rate mortgage options are still trading at an interest price of 4.125% and are carrying an annual percentage rate of 4.248% today. Likewise, the short term, 15 year fixed rate mortgage home loans are also carrying the same lending rate of 4.500% and are backed by an annual return rate of 5.044%.
In the exclusive financing division, BB&T offers pleasant delights for the customers who find 30 year period quite long and are not happy with the 15 year deals. The interested borrowers can go for the midterm 20 year fixed rate mortgage home loans, which are now being traded at an interest rate of 3.500% and yield an annual return of 4.090%. However, the shortest, 10 year FRM loans can be obtained by bearing an interest cost of 4.125% and enjoying an APR yield equivalent to 4.774%.
As far as the refinancing lending options are considered, the bank offers the popular 30 year fixed interest home loan packages for a lending charge of 4.125% and an APR yield of 4.248%. On the other hand, the shorter, 15 year refinancing fixed rate home loans can be locked in at an interest rate of 4.500% and an APR yield of 5.055 %.
For the borrowers with different needs, the US based mortgage lender publishes the mid-term, 20 year refinancing FRM deals in its portfolio against a lending charge of 3.500% and an APR yield of 4.108%. Alternatively, the shortest, 10 year fixed rate home loan plans can be had at an interest rate of 4.125% and an APR yield of 4.774% today.
Some time back, 16 former and current NFL players filed a lawsuit against Branch Banking and Trust Corp regarding disputed financial transactions made through a South Florida Bank, which was acquired by BB&T in July, 2012. Lately, the bank has requested a dismissal of the lawsuit filed by the NFL players against it after considering the fact that the plaintiffs failed to monitor their own accounts and let this unforeseen situation come up consequently.
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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