Current Mortgage Interest Rates at BB&T on January 8, 2014

Current Mortgage Interest Rates at BBT on January 8 2014Following the lead of several other major mortgage lenders operating in the US financial market, Branch Banking and Trust Corp (NYSE: BBT) kept its benchmark 30 year fixed mortgage interest rates flat on January 8, 2014. This Wednesday, the potential home buyers will not have to deal with any unpleasant surprises when it comes to the lending rates at which ideal home financing options are available with the lender.

According to the recent mortgage data published by the US based mortgage lender, the standard, long term, 30 year fixed rate mortgage home loans are advertised at an interest cost of 4.125% and carry an annual percentage rate of 4.248%. In the short term lending department, the potential customers can find the shorter, 15 year counter parts of the 30 year fixed rate mortgage deals trading at an interest rate of 4.500% and backed by an APR yield of 5.044%.

In comparison to yesterday’s mortgage interest figures, the exclusive financing options also did not experience any change in lending rates. The midterm, 20 year fixed rate mortgage deals are still coming out at a lending rate of 3.500% and are accompanied by an APR yield of 4.090% today. Alternatively, the shortest, 10 year fixed rate mortgage packages are now tagged at an interest price of 4.125% and come along with an APR yield of 4.774%.

When it comes to the refinancing fixed rate mortgage deals, the interested customers can find the popular 30 year fixed rate mortgage options published against a lending rate of 4.125% and carrying an APR yield of 4.248% today. For the seekers of short term alternatives to the standard, long term, refinancing options, the bank offers 15 year refinancing fixed rate home loans at an interest rate of 4.500% and an impressive annual return of 5.044%.

In the exclusive lending zone, the midterm 20 year refinancing fixed rate mortgage deals are coming out at an interest cost of 3.500% and an APR yield of 4.090% today. However, the shortest, 10 year refinancing FRM schemes can be had at an interest cost of 4.125% and for an APR yield of 4.774%.

The mortgage rates published by the lenders are often affected by the upward and downward movement of the prices of mortgaged backed bonds and securities, which normally follow the changes taking place in the stock markets. As the Wall Street dropped by -0.73% by the end of the trading day and left the DJIA index wandering at 15337.70, BB&T moved along the same direction and published its mortgage rates. However, the BBT stock prices gained some ground and rose up by +0.40% to close at a new price mark 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.