Mortgage Home Loan Rates are Holding Firm at BB&T on May 14, 2014

Mortgage Home Loan Rates are Holding Firm at BB&T on May 14, 2014

Moving on its usual course, Branch Banking and Trust Corp (NYSE: BBT) made no change to the benchmark 30 year fixed mortgage interest rates on May 14, 2014. As of now, the interested customers will find no absolute change in the lending rates at which the standard home purchase as well as refinancing mortgage plans are coming out of the US based mortgage lender this Wednesday.As per the most up to date mortgage information released by the lender today, the standard, long term, 30 year fixed rate mortgage loans stand listed at an interest rate of 4.250% and carry an annual percentage rate of 4.750%. As far as the housing finance options with a relatively smaller tenure are concerned, the interested customers can secure 15 year fixed rate mortgage home loans at an interest charge of 3.250% and an annual percentage yield of 3.877% today.

In the exclusive home loan division, the bank attempts to please its customers, who are not interested in the long term home loan deals and aren’t satisfied with the 15 year offers, through some impressive deals. As of now, the mortgage shoppers can find 20 year fixed rate mortgage deals listed at an interest rate of 4.000% and carrying an APR yield of 4.532%. The shortest, 10 year fixed rate mortgage loans, can also be seen listed in the bank’s books at an interest price of 3.000% and an APR yield of 3.714% today.

The mortgage interest rates published by the bank move up or down depending upon the changes experienced by the price of mortgage backed bonds and securities traded in the financial market, which are known to track the movements of stock market on a normal trading day. As the stock market tasted a fall towards the end of the trading day, leaving the DJIA index stranded at 15337.70, BB&T decided to move in the same direction and quote its average home loan rates. Regardless of the mortgage rates, the stock prices of BBT shares continue to increase by +0.40 and closed at a new price mark of 35.72.

Talking about the latest robbery at the Bonita Springs branch of BB&T bank, coming out clean didn’t really work in favor of the robber. According to the description, the robber was white, bearded man wearing dark shirt and pants, and carrying a bag. The suspect tried to change his appearance by shaving his beard and putting on a new pair of clothes, but was caught by the police. It was the bunch of unshaven hair left on his head and the strong smell of after shave lotion that give police a hint, who managed to arrest, Robert Souza for robbing the local branch.

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.