The standard home loan and refinancing mortgage deals at Banking Branch and Trust (NYSE: BBT) remain being traded at the same rates on November 25, 2013. This Monday did not bring along any change in the benchmark 30 year fixed mortgage interest rates, despite the regular ups and downs that were visible in last week’s rates.
As of now, the best 30 year fixed rate mortgage continue being listed at an interest rate of 3.7505 and still carry along an annual percentage rate of 3.892%. In the short term category, BB&T pleases the needy home buyers with its 15 year fixed rate mortgage loans, which are published at a rate of 4.375% and are accompanied by an APR yield of 4.865%.
In its unique home loan category, the lender quotes its 20 year fixed rate mortgage loans at an interest rate of 3.250% and an APR yield of 3.895%. On the other hand, in the shortest period deals, the bank provides 10 year fixed rate mortgage loans at an interest rate of 3.750%, which come along with an annual percentage yield of 4.416%.
While exploring the refinancing portfolio, the customers will find the standard 30 year refinancing fixed rate mortgage deals being published at an interest rate of 3.750% and carrying an APR yield of 3.892%. The more popular, 15 year refinancing fixed rate mortgage deals come at an interest cost of 4.375% and are accompanied by an APR yield of 4.865%.
For the admirers of distinctive financing deals, the bank offers its 20 year refinancing fixed rate mortgage schemes against an interest rate of 3.250%, which carry an APR yield of 3.895%. On the other hand, the more popular, 10 year refinancing fixed rate mortgage options can be obtained at an interest rate of 3.750% and an APR yield of 4.416%.
The fresh home loan and refinancing rates often fluctuate depending upon the price of the mortgage backed securities, which normally track the stock market movements. By the end of the day, the stock market dropped by -113.35 and left the DJIA index wandering at 15337.70.
As expected, BB&T followed the trail blindly and quoted its mortgage rates accordingly. Despite the fall in DJIA index, the BBT stock performed quite well and went up the mark by +0.40 to touch a new level of 35.72 by 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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