According to the rate information published by Banking Branch and Trust on November 15, 2013, their mortgage loans have become more attractive to the interested customers. This Friday managed to bring in an improvement in the standard 30 year fixed mortgage interest rates at BB&T (NYSE: BBT) which are now listed lower in comparison to the previous rates.
Today’s updated charts highlight the benchmark 30 year fixed rate mortgage loans being listed at a reduced interest rate of 3.750%, which has come down from the previously recorded rate of 3.875%. The 30 year FRM options now come along with an annual percentage yield of 3.861%. The bank also provides the 20 year fixed rate mortgage loans at a reduced rate of 3.250% today and carry an APR yield of 3.858%.
The best, 15 year fixed rate mortgage loans available at BB&T have been listed at an interest rate of 4.250% and are accompanied by an annual percentage yield of 4.782%. The bank also provides an even shorter, 10 year fixed rate mortgage loan to the interested borrowers at an interest charge of 3.750% and an APR yield of 4.383% today.
In the refinancing department, BB&T has already managed to impress a whole lot of customers in the past with its existing schemes and offerings. Today, the North Carolina based lender gave just another reason to the borrowers to praise their services by offering the best 30 year refinancing fixed rate mortgage loans at a reduced rate of 3.750% and a better APR yield of 3.861%.
In the medium term category, the bank lists its 20 year refinancing fixed rate mortgage options at a rate of 3.250%, which carry an APR yield of 3.858%. As far as the short time period financing options are concerned, the bank provides its best 15 year refinancing FRMs at a rate of 4.250% and an APR yield of 4.782%, and quotes its 10 year refinancing fixed rate mortgage loans at a rate of 3.750%, which are accompanied by an APR yield of 4.383%.
The mortgage rates are generally affected by the movement in the price of bank traded mortgage bonds and securities, which often follow the stock market movements. In today’s day trading, the markets experienced a downfall and left the DJIA index at 15337.70 as the market closed.
As projected, the BB&T mortgage rates followed the trail of the DJIA. Irrespective of the changed mortgage rates, BBT stock prices experienced a healthy jump of +1.13% and occupied a new ground at 35.72 as per the end of the day results.
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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