Current Mortgage Interest Rates at BB&T Bank on May 12, 2014

Mortgage Interest Rates at BB&T Bank on May 12, 2014

The US based mortgage lender, Branch Banking and Trust Corp (NYSE: BBT), chose to make no alternations to its benchmark 30 year fixed mortgage interest rates on May 12, 2014. As per the new mortgage information made available to the mortgage shoppers this Monday, the standard home purchase and refinancing mortgage deals are coming out at same interest rates as yesterday, which is unlikely to bring any change in the popularity level of BBT home loans among the interested customers.

To start with, in the standard, long term home loan section, the North Carolina based lender is now offering its 30 year fixed rate mortgage options at an interest rate of 4.125% and an annual percentage rate of 4.667% this Monday. For the customers looking forward to take the shorter route to finance their realty investment, BB&T now offers 15 year fixed rate mortgage loans at a lending rate of 3.250% and an APR yield of 3.859% today.

Shifting sights to the exclusive lending section, the potential home buyers, who aren’t pleased by the long term home financing deals, and also find the short term plans to be a bit expensive, can opt for the mid-term, 20 year fixed rate mortgage loans, which are now listed against an interest rate of 3.875% and are carrying an APR yield of 4.421%. The interested customers can also find the shortest, 10 year fixed rate home loan schemes, being published in the bank’s books against a lending cost of 2.875% and an annual return rate of 3.561% today.

The mortgage interest rates quoted by banks are generally affected by the upward and downward movement in the prices of mortgage backed financial bonds and securities, which are known to tail the stock market movements on any average trading day. Today, as the stock markets lost ground towards the end of the trading session and left the DJIA index at 15337.70, BB&T followed the movement closely and published its mortgage rates accordingly. Regardless of the interest rates, the stock prices of BBT shares increased by +0.40 and reached a new level 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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About the author

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