Mortgage Interest Rates at BB&T Moved to a Higher Level on March 20, 2014

This week hasn’t been the most pleasant one for the potential home buyers, who are planning on having their dream home investment financed through Branch Banking and Trust Corp (NYSE: BBT). This Thursday, as usual, has brought along some unpleasant surprise for the borrowers in the form of hiked benchmark 30 year fixed mortgage interest rates. The mortgage shoppers, who are planning to lock in ideal home purchase or refinancing loans from BB&T bank, will have to deal with higher interest rates on March 20, 2014.

As of now, in the standard, long term home loan section, the US based mortgage lender is offering the 30 year fixed rate mortgage loan options at an interest rate of 3.875% and an annual percentage rate of 4.008% today. For the borrowers, who are planning on heading down the shorter route to finance their home purchase, the bank is offering its 15 year fixed rate mortgage home loan packages at an interest rate of 4.375% and an annual percentage yield of 4.942% today.

The mortgage shoppers, who find the standard home loan deals to be not so useful, can opt for the unique, midterm, 20 year fixed rate mortgage home loan packages being traded at an interest price of 3.375% and backed by an APR yield of 4.004% this Thursday. On the other hand, the shortest, 10 year fixed rate mortgage home loan schemes can be found listed against a lending charge of 3.875% and an APR yield of 4.532% today.

For the potential home loan seekers, who are willing to refinance their current investments, the mortgage lender is offering its popular 30 year fixed rate mortgage home loans at an interest price of 3.875% and an APR yield of 4.008% today. Alternatively, the short term, 15 year counterparts of the 30 year refinancing fixed rate home loan deals can be locked in at an interest cost of 4.375% and an annual return rate of 4.942%.

When it comes to the exclusive lending division, the mortgage shoppers, who aren’t satisfied with the interest and annual return rates of standard refinancing loans, the exclusive, midterm, 20 year refinancing fixed rate mortgage packages can be found advertised at a lending rate of 3.375% and an APR yield of 4.004%. On the other hand, the interested borrowers can also find the shortest, 10 year refinancing fixed rate mortgage deals being traded at an interest price of 3.875% and an annual percentage yield of 4.532% today.  

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.