The standard 30 year fixed mortgage interest rates at Banking Branch and Trust Corp (NYSE: BBT) continue to travel down the same road and did not show any change on December 3, 2013. The potential home buyers will not have to deal with any surprises today as far as their new home purchase and refinancing needs are considered.
As of now, the benchmark 30 year fixed rate mortgage loans stand listed at an interest rate of 3.875% and an annual percentage rate of 3.997%. On the other hand, in the short term new home financing category, the bank provides 15 year fixed rate mortgage options against an interest charge of 4.375% and an APR yield of 4.908%.
In the unique home financing division, the bank provides 20 year fixed rate mortgage loans to the interested customers at a lending rate of 3.250% and carry an APR yield of 3.913%. However, the shortest, 10 year fixed rate home loan deals can be easily secured by bearing an interest cost of 3.875% and an APR yield of 4.521%.
When it comes to refinancing deals, BB&T caters to the borrowers’ needs by publishing the standard 30 year refinancing fixed rate mortgage loans at against a lending cost of 3.875% today, along with a starting APR yield of 3.997%. On the other hand, the short term, 15 year counterpart of the 30 year FRM deals can be acquired by dealing with an interest burden of 4.375% and an APR yield of 4.908%.
For the borrowers who are not interested in long term option, the lender provides mediocre, 20 year refinancing fixed rate mortgage options at an interest rate of 3.250% and an APR yield of 3.913%. However, for the admirers of refinancing deals with the shortest time span, the bank publishes 10 year refinancing FRM options at an interest rate of 3.875% and an APR yield of 4.521% in its books today.
The new home purchase and refinancing mortgage interest rates are generally affected by the price of the mortgage backed bonds and securities traded at the financial market, which normally trail the stock market movements. At the end of the day, the stock market declined by -113.35 and left the DJIA index at a new mark of 15337.70.
At least for today, the banked tracked the movement of stock market and published accordingly. Regardless of the mortgage rates, the BBT stock prices rose up by +1.13% and closed at a new price point of 35.72 as the markets closed by the end of the day.
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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