Following a different approach this Tuesday, the US based mortgage provider, Branch Banking and Trust (NYSE: BBT), decided to advertise its standard home purchase loans at the same mortgage interest rates. As per the new mortgage charts released by the bank on February 11, 2014, the benchmark 30 year fixed mortgage interest rates are hanging around the same point as yesterday, thereby helping the bank to enjoy a steady demand of its loan products in the market.
To begin with, the standard, long term, 30 year fixed rate mortgage home loan deals are coming out at an interest rate 3.625% and an annual percentage rate of 3.925% today. On the other hand, the relatively shorter, 15 year fixed rate mortgage home loan packages are coming out at a lending rate of 4.250% and are backed by an annual return rate equivalent to 4.783% today.
The borrowers, who find the 30 year deals to be quite expensive and are not satisfied with the annual yield offered by the 15 year loans, can go for the exclusive, midterm, 20 year fixed rate mortgage deals, which are now being traded at an interest rate of 3.250% and are accompanied by an annual percentage rate of 3.897% today. On the other hand, the shortest, 10 year fixed rate mortgage home loans can be acquired at an interest rate of 3.625% and an annual return of 4.452% this Tuesday.
Shifting sights towards the refinancing home loan arena, the interested mortgage shoppers can find the popular 30 year fixed rate mortgage home loans sitting next to a lending rate of 3.625% and an annual percentage rate equivalent to 3.925% today. On the other hand, the short term, 15 year refinancing fixed rate mortgage deals can be had at an interest rate of 4.250% and are backed by an APR yield of 4.783% today.
In the exclusive lending division, the home loan borrowers can find the midterm, 20 year refinancing fixed rate home loans can be locked in at an interest rate of 3.250% and an APR yield of 3.915% today. The shortest, 10 year refinancing fixed rate mortgage deals can be had at an interest cost of 3.625% and an annual percentage yield equivalent to 4.452%.
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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