Mortgage Interest Rates at BB&T on December 30, 2013

Today Mortgage Interest Rates at BBT on December 30 2013With the current year living its final moments, a majority of mortgage lenders are doing their level best to keep the mortgage rates steady and do not present any unpleasant surprise to the potential home buyers this holiday season. Following the same route, Branch Banking and Trust (NYSE: BB&T) did not make any change to its benchmark 30 year fixed mortgage interest rates on December 30, 2013.

To start with, the standard long term, 30 year fixed rate mortgage home loans, are available to the interested borrowers at an interest cost of 4.125% and come along with an annual percentage rate of 4.279% today. For the borrowers interested in taking the shortest route to finance their new home investment, the bank offers its popular 15 year fixed rate mortgage deals at a rate of 4.625% and an APR yield of 5.115%.

The mortgagors who find 30 year FRM deals quite expensive and 15 year FRM loans inappropriate as per their needs, the US based lender publishes a mid-term option of 20 year fixed rate mortgage home loans in its exclusive lending section of the portfolio. As of now, the 20 year FRM packages are coming out at a rate of 3.500% and an APR yield of 4.145%. Alternatively, the borrowers can also find the shortest, 10 year fixed rate mortgage loans being traded at a rate of 4.125% and carrying an APR yield of 4.807% today.

Shifting eyes towards the refinancing loaning sections, the bank offers its standard 30 year fixed rate mortgage home loans against a lending charge of 4.125% and an APR yield of 4.279%. However, the relatively shorter, 15 year refinancing fixed rate mortgage home loans are coming out at an interest rate of 4.625% and carry an APR yield of 5.115%.

In the exclusive lending section, BB&T offers its mid-term 20 year fixed rate refinancing home loans at an interest rate of 3.500% and an APR yield of 4.145%. The shortest, 10 year refinancing fixed rate mortgage packages are being traded today at a lending cost of 4.125% and are accompanied by an annual return of 4.807%.

The mortgage rates published by the banks go up and down depending upon the fluctuations in the prices of mortgage backed securities traded in the financial markets, which normally track the movement of stocks. As the stock market lost its ground and reduced to 15337.70, BB&T followed the same path for quoting its mortgage rates. Irrespective of interest rates, the stock price of BBT shares rose up by +0.40 and closed at 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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About the author

Rob is a analyst and reporter covering stocks and business news.