BB&T Publishes Unchanged Mortgage Interest Rates on March 31, 2014

At the beginning of a new trading week and the end of another month, the US based mortgage provider, Branch Banking and Trust Corp (NYSE: BBT), decided to advertise its ideal home purchase loans at the same interest rates. As per the new mortgage charts released by the bank on March 31, 2014, the eligible borrowers will find no change in the figures of benchmark 30 year fixed mortgage interest rates, which will certainly not affect the demand of its loan products in the market.

As of now, the interested borrowers can spot the standard, long term, 30 year fixed rate mortgage home loan deals being traded at the same interest rate of 3.750% and carrying an annual percentage rate of 3.892%. On the other hand, the borrowers, who are hoping to take the shorter route, can find the ideal 15 year fixed rate mortgage home loan plans being published against a lending charge of 4.375% and an annual percentage return of 4.909% today.

On the other hand, the home loan seekers, who are not happy with the long term home financing deals and find the 15 year options to be a bit expensive, can opt for the unique, midterm, 20 year fixed rate mortgage home loan packages, which are now charged with an interest price of 3.375% and an annual return rate of 3.985%. The shortest, 10 year fixed rate mortgage loans can also be found listed in the bank’s books against an interest cost of 3.750% and an APR yield of 4.416% today.

This Monday, in the mortgage refinancing division, the bank is offering the popular 30 year fixed rate mortgage home financing options to the interested borrowers at a lending rate of 3.875% and an annual percentage yield of 3.987%. However, the relatively shorter, 15 year counterparts of the 30 year refinancing fixed rate mortgage home loans are being advertised at an interest price equivalent to 4.375% and an APR yield of 4.920% today.

Heading towards the exclusive refinancing section, BB&T makes every possible attempt to offer ideal deals to the home buyers through its unique lending options. As of now, the potential customers can spot the midterm, 20 year refinancing fixed rate mortgage home loan deals being traded at an interest cost of 3.375% and carrying an annual return rate of 4.004% today. Alternatively, for the seekers of shortest refinancing options, the bank is currently offering its 10 year fixed rate mortgage loans at an interest price of 3.875% and an APR yield of 4.511% this Monday.

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.