Mortgage Interest Rates at BB&T Remain Unchanged on February 5, 2014

This Wednesday did not bring along any unpleasant fall or a pleasant improvement in the lending rates at which the standard home purchase loans are being traded at Branch Banking and Trust (NYSE: BBT) on February 5, 2014. The interested borrowers will find no absolute change in the benchmark 30 year fixed mortgage interest rates and can acquire the ideal home loan deals at the unchanged rates this Wednesday.

According to the newly published interest rate charts by the US based mortgage lender, the standard, 30 year fixed rate long term mortgage home loan packages are now priced at an interest rate of 3.625% and an APR yield of 3.872% today. However, the short term, 15 year fixed rate mortgage home loan deals can be acquired at an interest rate of 4.250% and an annual percentage rate of 4.751%.

For the borrowers, who find 30 years deals to be quite expensive and are unhappy with the annual return yielded by 15 year options, the bank publishes its exclusive, midterm, 20 year fixed rate mortgage deals at a rate of 3.250% and an APR yield of 3.878% today. The shortest, 10 year fixed rate mortgage deals can be locked in at a lending rate of 3.625% and an annual return of 4.397% today.

In the refinancing arena, the mortgage shoppers can find the popular 30 year fixed rate mortgage home loans coming out at an interest rate of 3.625% and carrying an annual percentage rate of 3.872% today. However, in the short term lending division, the bank is offering its best, 15 year refinancing fixed rate mortgage deals at an interest rate of 4.250% and an APR yield of 4.751% today.

When it comes to exclusive refinancing lending zone, the interested customers can acquire the midterm, 20 year refinancing fixed rate mortgage home loan deals at an interest rate of 3.250% and enjoy an annual return equivalent to 3.878% today. However, the shortest, 10 year fixed rate mortgage deals can be locked in at an interest rate of 3.625% and are backed by an annual percentage rate of 4.397% today.

The mortgage rates published by banks normally vary with the change in the prices of mortgage backed bonds and securities traded in the financial markets, which ideally trail the stock market movements. As the overall stock market waned by the end of the trading day and left the DJIA index at 15337.70, BB&T followed the market movements and quoted its mortgage rates accordingly. Regardless of the mortgage rates, the stock price of BBT shares moved up by +0.40 and closed at a new 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.

For comments and suggestions, leave a message in the comments section below. Like and Follow our Facebook page for more stories and to stay up-to-date with the latest happenings.

About the author

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