Mortgage Home Loan Rates are Looking Better at BB&T on March 28, 2014

Towards the end of the trading week, the benchmark 30 year fixed mortgage home loan rates are looking somewhat better at the US based mortgage provider, Branch Banking and Trust Corp (NYSE: BBT). As per the new mortgage information released by the bank on March 28, 2014, the ideal home purchase and refinancing home loan deals are being traded at reduced interest rates, which will certainly provide an added advantage to the bank in the form of increased demand of its loan products.

Starting off with the standard, long term home loan packages, the 30 year fixed rate mortgage home loan deals can be found published against a reduced lending rate of 3.750% and being backed by an annual percentage rate of 3.893% today. On the other hand, for the seekers of relatively shorter home financing options, the financier is currently offering its best 15 year fixed rate mortgage home loans at an interest price of 4.375% and an annual percentage yield of 4.909% today.

The mortgage shoppers, who are not really pleased with the long term home loan plans and find the short term deals to be on the pricey side of the island, can spot the exclusive, midterm, 20 year fixed rate mortgage home loan options being tagged with an interest price of 3.375% and offering an annual return equivalent to 3.985% today. However, the shortest, 10 year fixed rate mortgage home loan schemes are listed in the bank’s books against a lending rate of 3.750% and an APR yield of 4.416% this Friday.

Heading towards the refinancing arena, the popular, 30 year fixed rate mortgage home loan packages can be seen advertised at an interest cost of 3.875% and being backed by an annual return rate of 3.987% today. On the other hand, in the short term home financing section, the 15 year refinancing fixed rate mortgage schemes are being listed at a lending price of 4.375% and an APR yield of 4.920% today.

For the potential customers, who find 30 years to be a quite long period for home loans and are not happy with the interest charges, that accompany short term refinancing options, BB&T offers the unique, the midterm, 20 year refinancing fixed rate mortgage home loans at an interest rate of 3.375% and an APR yield of 4.004%. Alternatively, the shortest, 10 year refinancing fixed rate mortgage loan packages are now up for grabs at an interest cost of 3.875% and an annual percentage yield of 4.511% today.

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.