BB&T’s Mortgage Home Loan Rates Rundown for January 29, 2014

The potential home buyers, who plan on stopping by BB&T for locking in ideal home loan deals, will find the standard and exclusive home loan rates unchanged this Wednesday. Following the same approach, as it has been doing for the past few days, Branch Banking and Trust (NYSE: BBT) made no absolute change to its benchmark 30 year fixed mortgage interest rates on January 29, 2014.

Today, in the long term home financing section, the bank has published its standard 30 year fixed rate mortgage home loan deals at an interest rate of 3.750% and an annual percentage rate equivalent to 3.891%. On the other hand, the relatively shorter, 15 year fixed rate mortgage options are coming out at an interest cost of 4.375% and are backed by an annual return of 4.896% today.

The picture is no different in the exclusive lending department, where the popular midterm 20 year fixed rate mortgage home loan schemes are coming out at an interest rate of 3.375%, along with an annual yield of 3.983% today. However, the shortest, 10 year fixed rate mortgage loan plans are up for grabs at a lending rate of 3.750% today and are backed by an APR yield of 4.415%.

Shifting sights to the refinancing lending department, the interested customers can find the 30 year fixed rate mortgage options being traded at an interest rate of 3.750% and carrying an annual percentage yield of 3.891% today. In the short term refinancing zone, the bank is currently offering its 15 year fixed rate mortgage home loan packages at a lending price of 4.375% and an APR yield of 4.896%.

For those who are unsatisfied with the long term refinancing deals and are looking for something extraordinary, the bank publishes its unique, 20 year fixed rate mortgage plans at an interest rate of 3.375% and an APR yield of 3.983% in its portfolio today. On the other hand, the shortest, 10 year refinancing fixed rate mortgage schemes are carrying an interest tag of 3.750% and are listed at an annual return rate of 4.415%.

The mortgage interest rates published by banks are often affected by the change in prices of mortgage backed financial securities, which move along with the stock market movements. As the stock market lost its ground by the end of the trading day and left the DJIA index hanging at 15337.70, home loan rates at BB&T moved along the same path. However, the stock prices of BBT shares gained some ground and closed at a new rate of 35.72 at the end of the trading 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.

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About the author

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