Mortgage Interest Rates at BB&T on April 17, 2014

Mortgage Interest Rates at BB&T on April 17, 2014

Heading down the same route, Branch Banking and Trust Corp (NYSE: BBT) chose to publish same benchmark 30 year fixed mortgage interest rates on April 17, 2014. Today, the mortgage shoppers, who are planning on securing a new home purchase or refinancing loan from BB&T, will find no relative change in the interest rates, which might help the bank in maintaining a steady demand of its loan products in the process.

This Thursday, the standard, long term, 30 year fixed rate mortgage home loans are being traded at the same interest rate of 4.375% and are backed by an annual percentage rate of 4.866%. On the other hand, in the short term lending section, the 15 year counterparts of 30 year fixed rate mortgage home loan plans are now being advertised at a lending price of 3.375% and are backed by an APR yield of 3.949% today.

In the unique lending division, the customers, who are not happy with the interest rates of long term deals and aren’t really drawn towards the return rates offered by 15 year plans, can spot the midterm, 20 year fixed rate mortgage home loans coming out at a lending rate of 4.000% and carrying an APR yield of 4.562%. However, the shortest, 10 year fixed rate mortgage home loan schemes can also be found listed in the bank’s books against a lending charge of 3.000% and an APR yield of 3.688% this Thursday.

Shifting sights towards the refinancing home loan section, the interested customers can spot the long term, 30 year fixed rate mortgage home loans being traded at an interest rate of 3.750% and carrying an annual percentage yield of 3.883% today. Alternatively, the short term, 15 year refinancing fixed rate home loan packages are now listed at an interest price of 4.375% and are backed an APR yield of 4.898%.

When it comes to the exclusive lending options, the mortgage shoppers can spot the 20 year, midterm, refinancing fixed rate mortgage home loans being traded at a lending rate of 3.375% and being accompanied by an APR yield of 3.967%. On the other hand, the shortest, 10 year refinancing fixed rate mortgage home loans are now up for grabs at an interest rate of 3.750% and an annual percentage return of 4.406% today.

The mortgage rates published by banks are affected by the changes in the prices of mortgage backed financial instruments, which usually follow the movement of stock markets. As the Wall Street lost its ground by the end of the trading day, leaving the DJIA index at 15337.70, BB&T followed the market’s footsteps and published its lending rates accordingly. However, the stock prices of BBT shares gained some ground and raised up to 35.72 after a hike of +0.40 price points.

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.