Mortgage Interest Rates are Holding Firm at BB&T on April 16, 2014

Mortgage Interest Rates are Holding Firm at BB&T on April 16, 2014Unaffected by the recent market changes, Branch Banking and Trust Corp (NYSE: BBT) managed to publish same benchmark 30 year fixed mortgage interest rates in its books in April 16, 2014. The eligible borrowers, who are planning on paying the mortgage officials at BB&T bank a visit, will find no change in the lending rates at which the standard home purchase and refinancing loans are being traded today.

This Wednesday, with regards to the standard, long term home loan offerings, the bank is now charging an interest rate of 4.250% from and offering an annual percentage rate of 4.783% to the borrowers who are planning on securing the best 30 year fixed rate mortgage home loan deals. On the other hand, the seekers of relatively shorter home loan deals have to deal with an interest price of 3.250% and an agree to an annual return rate of 3.897% for acquiring the 15 year fixed rate mortgage home loans today.

On the contrary, the mortgage shoppers, who find 30 year to be a quite long period for financing a new home, and aren’t really drawn towards the 15 year home mortgage deals as well, can opt for the exclusive loan deals offered by BB&T bank. Today, the unique, midterm, 20 year fixed rate mortgage home loan options are being traded at an interest rate of 4.000% and are backed by an APR yield of 4.547% today. The shortest, 10 year fixed rate mortgage home loan can also be found listed in the bank’s books against at an interest rate of 2.875% and an annual percentage yield of 3.642% today.

Shifting sight towards the refinancing home loan section, the customers can spot the popular 30 year fixed rate mortgage home loan plans being traded at an interest rate of 3.750% and carrying an APR yield of 3.883% today. However, the relatively shorter, 15 year counterparts of the 30 year refinancing fixed rate mortgage home loan plans can be locked in at an interest cost of 4.375% and an annual percentage yield of 4.898%.

In the exclusive home refinancing section, the bank is currently offering its midterm, 20 year refinancing fixed rate mortgage home loan schemes at a lending cost of 3.375% and an annual return rate of 3.967% today. On the other hand, the shortest, 10 year refinancing fixed rate home loan packages can also be spotted sitting next to an interest cost of 3.750% and an APR yield of 4.406% in the loan portfolio.

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.