In the middle of this new trading week, the mortgage home loan rates at Branch Banking and Trust (NYSE: BBT) experienced a pleasant improvement on February 26, 2014. The potential home loan borrowers, who are planning on applying for ideal home purchase loans, will find a decent fall in the benchmark 30 year fixed mortgage interest rates this Wednesday.
According to the most up to date mortgage information made available to the customers today, the standard, long term, 30 year fixed rate mortgage home loan deals are being traded at an interest rate of 3.750% and an annual percentage rate of 3.883%. On the other hand, the relatively shorter, 15 year fixed rate mortgage home loans are coming out at an interest cost of 4.375% and are backed by an annual percentage yield of 4.899% today.
For the home loan borrowers, who find the standard home loan deals to be a bit expensive and not up to their mark, the bank offers midterm, 20 year fixed rate mortgage home loan plans in its exclusive lending division at an interest rate of 3.375% and an annual return rate of 3.949% today. On the other hand, the shortest, 10 year fixed rate mortgage home loan schemes can be locked in at an interest price of 3.750% and an annual return rate of 4.406% today.
However, to the mortgage shoppers, who are planning on having their existing investments refinanced, the popular 30 year refinancing fixed rate mortgage home loans will cost a little less today, as the bank is now charging an interest rate of 3.750% and offering an APR yield of 3.883%. However, the short term, 15 year refinancing fixed rate home loan packages can be seen listed at an interest rate of 4.375% and backed by an APR yield of 4.899% today.
In the unique lending section, the bank is currently offering the midterm, 20 year refinancing fixed rate mortgage home loans at an interest rate of 3.375% and an APR yield of 3.949% today. On the other hand, the shortest, 10 year refinancing fixed rate mortgage plans can be locked in at an interest price of 3.750% and are offering an APR yield of 4.406% today.
The mortgage interest rates quoted by banks are sensitive to the price movements in the mortgage backed financial bonds and securities, which normally move upwards and downwards according to the stock market movements. As the stock markets lost ground by the end of the day and left the DJIA index at 15337.70, the bank followed its lead and published its mortgage rates accordingly. However, the stock price of BBT shares improved by +1.13% and closed at 35.72 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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