Higher Mortgage Interest Rates at BB&T on April 3, 2014

This Thursday, when several other US based mortgage providers kept their lending rates firm, the North Carolina based financier, Branch Banking and Trust Corp (NYSE: BBT) pushed its benchmark 30 year fixed mortgage interest rates to a higher level. As of now, in the latest mortgage rate charts issued by the bank on April 3, 2014, the bank is offering its ideal home purchase and refinancing home loans at hiked interest rates, which might affect the overall demand of its loan products in the market.

Starting off with the standard, long term home loan offerings, the bank is currently providing the 30 year fixed rate mortgage home loan deals at an increased interest price of 3.875% and an annual percentage rate equivalent to 3.998% today. On the other hand, the relatively shorter, 15 year fixed rate mortgage home loans can be secured at an interest rate of 4.500% and an annual return rate of 5.003% today.

However, in the exclusive lending division, the interested customers can find the midterm, 20 year fixed rate mortgage home loans being traded at an interest rate of 3.375% and an annual percentage yield of 4.023% today. The seekers of home financing options with an even shorter tenure can lock in the 10 year fixed rate mortgage home loans at an interest price of 3.875% and an annual rate of 4.522% this Thursday.

When it comes to the refinancing lending options, the mortgage shoppers can spot the popular 30 year fixed rate mortgage home loans being traded at an interest cost of 3.875% and an APR yield of 3.998%. Alternatively, the short term, 15 year counterparts of the 30 year refinancing mortgage home loans can be locked in at an interest rate of 4.500% and an APR yield of 5.003% today.

Heading towards the unique home loan section, the interested customers can find the midterm 20 year refinancing fixed rate mortgage home loans being traded at an interest price of 3.375% and an APR yield of 4.023% today. However, the shortest, 10 year refinancing fixed rate mortgage home loan deals are now up for grabs at an interest price of 3.875% and an annual return rate of 4.522% this Thursday.

In a recent disclosure, McGriff, Seibels & Williams Inc. an insurance subsidiary of BB&T Insurance Holdings declared that it has signed a deal for expanding its property as well as casualty insurance operations base by acquiring Caledonian Insurance Group Inc. based on Mercer Island, Washington. Though the deal was finalized on Tuesday, its complete details have not been disclosed completely until now.

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.