Current mortgage rates of BB&T Bank (November 27, 2013)

Current mortgage rates of BB&T Bank November 27 2013After heading down the same, unchanged route for over a couple of days now, the fresh and refinancing home loan deals at Banking Branch and Trust (NYSE: BBT) jumped a bit on November 27, 2013. Today, the American mortgage lender published higher benchmark 30 year fixed mortgage interest rates and increased the apprehensions of the potential borrowers.

This Wednesday brought along a steep rise in the lending cost associated with the best 30 year fixed rate mortgage loans, which are now available at 3.750% and carry an APR yield of 3.882%. The popular, short term, 15 year fixed rate home loans can now be acquired by bearing an interest charge of 4.375% and an APR yield of 4.876 from BB&T.

When it comes to the unique home loan deals, the US based lender provides 20 year fixed rate mortgage products at a rate of 3.250%, yielding an annual percentage rate of 3.895% to start with. On the other hand, the 10 year FRM deals have been quoted at 3.750% and yield an APR of 4.405%.

In the refinancing arena, the 30 year refinancing fixed rate mortgage interest rates have been published as 3.750%, which are followed by an APR yield of 3.882%. The relatively shorter refinancing deals, 15 year FRM loans, are now quoted in the bank’s books at 4.375% and are backed by an APR equivalent to 4.876%.

For those who are looking for more options that differ in terms of time period, the 20 year refinancing FRM options available at BB&T would be an ideal choice at a rate of 3.250% and an APR yield of 3.895%. However, the shortest options, the 10 year fixed rate loans are listed at a starting rate of 3.750% and come along with an APR yield of 4.405% today.

The mortgage rates are normally steered by the loan packages which are traded by banks as mortgage securities in financial markets, which often track the movement of stock markets.

At the end of the trading day, stock market plunged a bit and left the DJIA index at 15337.70 up -0.73%. The mortgage rates at BB&T, as expected by the investors, followed the trail of DJIA index, at least for today. However, the BBT stock prices on the Wall Street reached a new mark of 35.72, with a fairly good rise of about +0.40 price points.

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.