Current Mortgage Interest Rates at BB&T on May 5, 2014

Current Mortgage Interest Rates at BB&T on May 5, 2014

This Monday, at the US based mortgage lender, Branch Banking and Trust Corp (NYSE: BBT), the standard 30 year fixed mortgage interest rates show no change in comparison to the interest rates recorded at the end of the previous week. As per the mortgage information released by BB&T on May 5, 2014, the benchmark home purchase and refinancing deals are coming out at unchanged interest rates, thereby making no alternations to the popularity of BBT loan products in the market.

As of now, the standard, long term, 30 year fixed rate mortgage home loan plans are coming out at the same interest rates of 4.250% and are backed by an annual percentage rate of 4.750%. On the other hand, the shorter and less expensive, 15 year fixed rate mortgage home loan packages are coming out at an interest rate of 3.250% and an annual percentage yield of 3.877% this Monday.

In the unique lending division, the mortgage provider pleases the customers, who are not satisfied by the interest and annual returns offered by 30 year deals, and aren’t really drawn towards the short term plans as well, by offering its midterm, 20 year fixed rate mortgage home loans at an interest rate of 4.000%, which are backed by an annual return rate of 4.532% today. On the other hand, for the seekers of shortest home financing options, the bank offers its 10 year fixed rate mortgage home loan packages at a lending price of 2.875% and an annual percentage return of 3.615% today.

In the refinancing wing, BB&T now trades its benchmark 30 year fixed rate mortgage home loans at an interest rate of 3.750% and an APR of 3.883%. Alternatively, when it comes to the short term home loan options, the mortgage shoppers can spot the 15 year refinancing fixed rate mortgage home loan schemes listed against an interest rate of 4.375% and backed by an APR yield of 4.898% today.

For the potential customers having unique borrowing requirements with regards to the period of home loan, the bank offers its midterm, 20 year, refinancing fixed rate home loan plans at a lending rate of 3.375%, along with an unchanged APR yield of 3.967% today. When talking about the refinancing deals with shortest tenure, the borrowers can spot the 10 year refinancing fixed rate mortgage deals being quoted at an interest rate of 3.750% and accompanied by an annual percentage yield of 4.406% this Monday.

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.