After experiencing a roller coaster ride all through the week, mortgage rates at BB&T seem to be following a static approach. The benchmark 30 year fixed mortgage rates are holding a steady pace at Banking Branch and Trust Corp (NYSE: BBT) on December 6, 2013.
The borrowers who are looking forward to stop by the local branch of the US based lender today, will find the standard 30 year fixed rate mortgage deals coming out at an interest cost of 4.125% and accompanied by an annual percentage yield of 4.238%. In the short term loan division, the bank quotes its 15 year fixed rate mortgage loans at an interest rate of 4.500% and an APR yield of 5.023%.
In the unique financing category, BB&T pleases the customers by providing 20 year fixed rate mortgage loans at a lending rate of 3.500%, along with an APR yield of 4.072%. The shortest, 10 year fixed rate home financing deals are traded at a rate of 4.125% and offer an annual percentage yield of 4.764% to start with.
Not only did the fresh home loan rates maintain a steady pace, but refinancing mortgage rates also chose to walk along the same path today. The best 30 year refinancing fixed rate mortgage loans carry an interest charge of 4.125% and come along with an APR yield of 4.259%. On the other hand, the popular 15 year fixed rate mortgage options stand listed at an interest rate of 4.500% and an APR yield of 5.023%.
When it comes to unique financing options, the bank provides 20 year refinancing fixed rate mortgage deals at an interest rate of 3.500%, along with an APR yield of 4.072% during the initial days of the loan period. For those who are seeking for even shorter refinancing options, the 10 year fixed rate mortgage plans would be a perfect choice at a rate of 4.125% and APR yield of 4.786%.
The new home purchase and refinancing mortgage interest rates often fluctuate depending upon the price of mortgage securities and bonds dealt in financial markets, which normally tail the stock market movements.
By the end of the trading session, the stock market declined and left the DJIA index hanging around 15337.70 points. As expected, the mortgage rates at BB&T moved in the direction the financial market moved, which followed the stock market sentiments. However, the BBT stock prices managed to rise by +0.40 and close at a price point 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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