Branch Banking and Trust (NYSE: BBT) published unchanged interest rates for its ideal home purchase and refinancing loan options on February 4, 2014. Despite the regular market changes and other outcomes of other dealings of the bank, the benchmark 30 year fixed mortgage interest rates remained motionless this Tuesday.
Starting off with the standard, long term home loan offerings, the bank published its ideal 30 year fixed rate mortgage plans at a rate of 3.625% and an annual percentage rate equivalent to 3.872% today. In the short term lending section, the interested customers can spot the best 15 year fixed rate mortgage home loan offerings being advertised at an interest rate of 4.250% and being backed by an annual return rate of 4.751%.
In the exclusive lending division, the bank is currently offering its unique, midterm, 20 year fixed rate mortgage home loans at a lending rate of 3.250% and an APR yield of 3.878% today. On the other hand, the shortest, 10 year fixed rate mortgage deals can also be acquired by the borrowers, who are willing to bear an interest burden of 3.625% and are happy with an APR yield of 4.397%.
When it comes to refinancing home loan offerings, the potential mortgage shoppers can locate the popular 30 year fixed rate mortgage deals listed in the bank’s loan books against a lending charge of 3.625% and being backed by an APR yield of 3.872% today. However, the relatively shorter, 15 year refinancing FRM home loan packages can be acquired by paying an interest charge of 4.250% and an agreeing to an annual return of 4.751% today.
For the seekers of unique home loan options, the bank publishes its midterm, 20 year refinancing fixed rate mortgage schemes at a lending price of 3.250% and an APR yield of 3.878% today. The shortest, 10 year refinancing fixed rate home loan plans can be had at an interest cost of 3.625% and an APR yield of 4.397%.
The mortgage home loan rates quoted by banks are affected by the change in the prices of mortgage backed financial bonds and securities, which track the stock market movements partially. As the stock market crashed towards the end of the trading day and left the DJIA index at a lower mark of 15337.70, the bank tracked the movement and published its mortgage rates accordingly. Irrespective of the rates, the stock price of the BBT shares moved up by +1.13% and closed at a new price point 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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