After flowing steady for almost a week now, Branch Banking and Trust (NYSE: BBT) didn’t consider it necessary to present the prospective customers with an unpleasant surprise at the end of the week. As per the new mortgage information published by the bank on January 17, 2014, the benchmark 30 year fixed mortgage interest rates did not experienced any change as compared to the yesterday’s charts, thereby maintaining a steady demand in the market.
In the standard, long term, lending section, TD Bank offers its best 30 year fixed mortgage home loan deal at an interest rate of 3.875% and an APR yield of 4.028% today. However, the short term, 15 year fixed rate mortgage home loans are now coming out at an interest cost of 4.500% and an APR yield of 4.989%.
In the exclusive lending department, the customers can find the special, mid-term, 20 year fixed rate mortgage packages being traded at an interest rate of 3.375% and carrying an APR yield of 4.038%. However, the shortest, 10 year fixed rate mortgage schemes are now advertised at an interest cost of 3.875% and are backed by an APR yield of 4.552%.
As far as the refinancing home loan deals are considered, the bank now offers its popular 30 year fixed rate mortgage home loan packages at a lending cost of 4.000% and an APR yield of 4.122%. However, the shorter, 15 year refinancing fixed rate home loans are up for grabs at an interest cost of 4.500% and an annual return of 5.000% today.
For the seekers of non-standard refinancing options, the bank provides its mid-term, 20 year fixed rate home loans against a lending charge of 3.375% and an APR yield of 4.038% today. However, the shortest, 10 year refinancing fixed rate mortgage home loan packages can be had at an interest rate of 4.000% and an APR yield of 4.647%.
The mortgage and refinancing home loans published by mortgage lenders go up and down on the basis of price fluctuations experienced by the mortgage backed bonds and securities, which are a result of stock market changes. As the stock market lost its ground by the end of the trading day and left the DJIA index hanging at 15337.70, the bank blindly followed the same path and published its mortgage interest rates. However, the share prices of BBT stock increased by +1.13% and reached a new price 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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