BB&T Steers Mortgage Rates along the same Route on November 26 2013

BB&T Steers Mortgage Rates along the same Route on November 26 2013Interest rates on the standard fresh and refinancing loans available at Branching Bank and Trust (NYSE: BBT) maintain a constant flow on November 26, 2013. The benchmark 30 year fixed mortgage interest rates walk down the same aisle on Tuesday, thereby giving no chance to the potential borrowers to change their preferences when it comes to home financing.

In the long term home financing package, BB&T offers 30 year fixed rate mortgage loans, which are featured at 3.750% and carry an annual percentage rate of 3.892%. For the borrowers looking for short term financing options, 15 year FRM deals would be an ideal option at a rate of 4.375% and come along with an unchanged APR yield of 4.865%.

In the distinctive loan division, BB&T quotes 20 year FRM loans for the interested buyers at a rate of 3.250% which yield an APR of 3.895%. However, for those who want short term loans for financing their dream home, the bank aids them with 10 year fixed rate loans, which stand listed at a rate of 3.750% and an APR yield of 4.416%.

When it comes to refinancing home loans, the interested customers can find themselves several possible options being quoted at impressive interest rates. As of now, the 30 year refinancing deals can be availed at an interest rate of 3.750% and are backed by an APR yield of 3.892%. The popular, short term, 15 year refinancing deals can be had by bearing an interest cost of 4.375% and an APR of 4.865%.

Heading towards the unique refinancing deals, the customers can locate ideal options in the form of 20 year FRM deals, which feature 3.250% in interest and 3.895% in annual percentage cost column. On the other hand, the shorter, 10 year refinancing deals stand quoted at a rate of 3.750% and are backed by an APR of 4.416%.

Both new as well as refinancing mortgage rates are normally steered by the price of mortgage backed bonds and securities, which are affected by the movements of stock market. At the end of yesterday’s trading session, the stock market dropped by -113.35 and left DJIA index quoted at a mark of 15337.70.

Today, the BB&T tracked the DJIA’s movement and published its home loan rates while following the movement. Regardless of the mortgage rates, the stock prices of BB&T touched a new mark of 35.72, registering an increase of +0.40 by the end of the 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.

For comments and suggestions, leave a message in the comments section below. Like and Follow our Facebook page for more stories and to stay up-to-date with the latest happenings.

About the author

Rob is a analyst and reporter covering stocks and business news.