Current Standard and Refinance Mortgage Interest Rates at BB&T on May 1, 2014

Current Standard and Refinance Mortgage Interest Rates at BB&T on May 1, 2014

With an aim of retaining its position in the market, Branch Banking and Trust Corp (NYSE: BBT) did not make any relative change to the figures of its benchmark 30 year fixed interest rates on May 1, 2014. At the beginning of a new month, the US based mortgage lender chose to trade its standard home purchase and refinancing home loan packages at the same interest rates as yesterday.

When going through the most up to date mortgage information made available by BB&T this Thursday, the potential home buyers will spot the standard, long term, 30 year fixed rate mortgage loan deals being published against an interest rate of 4.375% and carrying an annual percentage rate of 4.887%. On the other hand, in the short term lending arena, the lender is charging an interest rate of 3.375% from, and offering an annual percentage yield of 3.985% to, the mortgage shoppers interested in securing the best 15 year fixed rate mortgage deals today.

When talking about exclusive home loan packages, the interested customers can go for the intermediary financing plans quoted in the bank’s loan portfolio. As of now, the borrowers can opt for the midterm, 20 year fixed rate mortgage loans, which are now coming out at an interest rate of 4.000% and are backed by an APR yield of 4.621%. On the contrary, the shortest, 10 year fixed rate home loan packages can be locked in at an interest price of 3.000% and an annual percentage yield of 3.714% today.

The overall picture remained somewhat same in the refinancing mortgage section, where the popular 30 year fixed rate mortgage home loan plans are coming out at an interest rate of 3.750% and are backed by an annual return rate of 3.883% today. However, in the short term lending section, the 15 year counterparts of the 30 year refinancing fixed rate mortgage plans can be locked in at an interest price of 4.375% and an annual return rate of 4.898% this Thursday.

For the mortgage shoppers, who are not satisfied by the benchmark 30 year and the short term 15 year refinancing deals, the bank is offering its unique, midterm, 20 year fixed rate mortgage loan packages at a lending price of 3.375% and an annual percentage return of 3.967% today. However, the shortest, 10 year refinancing fixed rate mortgage home loans are up for grabs at an interest price of 3.750% and an annual return rate of 4.406% at the beginning of a new trading month.

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.