Mortgage Home Loan Rates at BB&T Bank Remained Flat on March 3, 2014

Carrying forward the same old pace to the new month, Branch Banking and Trust (NYSE: BBT) kept its benchmark 30 year fixed mortgage interest rates unchanged on March 3, 2014. As of now, according to the new mortgage rate charts released by the bank, the interested mortgage shoppers will find no absolute change in the interest rates at which the standard home purchase loans are coming out from BB&T bank today.

This Monday, the standard, 30 year fixed rate long term mortgage home loans are being traded at the same interest cost of 3.625% and are backed by an annual percentage rate of 3.925%. On the other hand, in the relatively short term mortgage section, the interested borrowers can spot the 15 year counterparts of the 30 year fixed rate mortgage deals being advertised at a lending rate of 4.375% and an APR yield of 4.866% today.

In the unique home loan section, the potential mortgagors can spot the midterm, 20 year fixed rate mortgage home loan packages being listed against a lending charge of 3.250% and being backed by an annual percentage yield of 3.896% today. However, the shortest, 10 year fixed rate mortgage loan plans can be locked in at an interest cost of 3.625% and an APR yield of 4.451% this Monday.

Shifting sights towards the refinancing home loan division, the potential home loan shoppers can find the popular 30 year fixed rate mortgage deals being traded at a lending rate of 3.625% and being accompanied by an APR yield of 3.925% today. Alternatively, the shorter, 15 year refinancing fixed rate mortgage loan schemes are up for grabs at an interest rate of 4.375% and come along with an APR yield of 4.866%.

For the borrowers who are not happy with the interest rates of 30 year deals and don’t find the APR yield offered by 15 year deals attractive enough, the bank offers its exclusive midterm 20 year refinancing fixed rate mortgage packages at an interest rate of 3.250% and an APR yield of 3.896%. On the other hand, the shortest, 10 year refinancing fixed rate mortgage home loan deals can be acquired at an interest price of 3.625% and an APR yield of 4.451% today.

Mortgage home loan rates published by banks generally move up and down depending on the price movements of mortgage backed financial bonds and securities, which are known to tail along with the stock market on a normal trading day. As the stock market plummeted by the end of the trading day, leaving the DJIA index at 15337.70, BB&T followed its footsteps and moved blindly in the direction of stock market movement for quoting its rates. However, the stock price of BBT shares raised up by +0.40 and reached a new price mark of 35.72.  

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.