Amid today’s market, where the majority of American lenders is facing regular fluctuations in mortgage rates, Banking Branch and Trust (NYSE: BBT) did manage to publish the same mortgage interest rates on November 28, 2013. This Thursday, the benchmark 30 year fixed mortgage interest rates did not fluctuate a bit and held the same spot in the interest graph.
As per the recently published information, the standard 30 year fixed rate mortgage deals stand published at the same rate of 3.750% and come along with an APR yield of 3.892%. However, for those who need to take a shorter route towards home financing, the 15 year fixed rate mortgage plans seem to the best available option at a rate of 4.375% and yield an APR of 4.876%.
In the unique home loan division, the bank provides 20 year fixed rate mortgage loans against an interest charge of 3.250% and carry an APR yield of 4.416%. For those who want to finance their dreams through deals with the shortest time period, the 10 year fixed rate home loan deals would be a good choice at a rate of 3.750% and an APR yield of 4.416%.
As far as the refinancing home loans are concerned, BB&T includes the 30 year fixed rate mortgage options that stand listed at a rate of 3.750% and are accompanied by an annual percentage yield of 3.892%. The relatively short term, 15 year refinancing fixed rate mortgage schemes can be acquired at a rate of 4.375% and an APR yield of 4.876% today.
For the mortgagors who want financing options having a little more or less tenure, the lender provides 20 year refinancing fixed rate mortgage home loan deals against an interest cost of 3.250%, which yield an APR of 3.895%. On the other hand, the shortest, 10 year refinancing fixed rate mortgage loans carry an interest cost of 3.750% and can be enjoyed with an APR yield of 4.416%.
The refinancing mortgage rates are generally affected by the mortgage backed securities that the banks trade on financial markets, which trail the movements of the stock market on a regular basis. By the end of the trading day, the stock market plunged by -113.35 and left the DJIA index wandering at 15337.70.
As expected, BB&T followed the directions of Wall Street and quoted its mortgage rates accordingly. Closer to the end of the day, the BBT stock prices rose up by +1.13% and reached a new 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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