With other banks struggling hard to keep their interest rates steady for a longer period of time, Branch Banking and Trust (NYSE: BBT) continues to pull off some strings and quote unchanged benchmark 30 year fixed mortgage interest rates on March 7, 2014. The interested mortgage shoppers will find no absolute change in the interest rates at which the ideal home purchase and refinancing loans are being traded at BB&T today.
This Friday, the standard, long term, 30 year fixed rate mortgage home loans are being traded at an unchanged interest rate of 3.750% and are carrying an annual percentage yield of 3.882%. However, the borrowers interested in acquiring the short term deals can opt for the 15 year fixed rate mortgage home loans, which are now being traded at an interest rate of 4.375% and an annual percentage return of 4.898%.
On the other hand, the exclusive, midterm, 20 year fixed mortgage home loans are up for grabs at BB&T bank at an interest rate of 3.250% and an APR yield of 3.933% today. Alternatively, the shortest, 10 year fixed rate mortgage home loan deals can be locked in at an interest rate of 3.750% and an annual yield equivalent to 4.405% today.
In the refinancing home loan division, the US based mortgage lender publishes its popular, 30 year fixed rate mortgage home loan packages at an interest rate of 3.750% and an annual percentage rate of 3.882%. However, the relatively shorter, 15 year refinancing fixed rate mortgage home loans can be locked in at an interest rate of 4.375% and an APR yield of 4.898% this Friday.
For the seekers of unique, midterm home refinancing options, the bank is now offering its 20 year fixed rate mortgage home loans at a lending rate of 3.250% and an APR yield of 3.993%. However, the shortest, 10 year refinancing fixed rate mortgage loan options are still coming out at an interest cost of 3.750% and are backed by an annual percentage rate of 4.405% today.
Normally, the mortgage interest rates quoted by any bank are affected by the change in the price of mortgage backed bonds and financial securities, which tend to move up and down depending upon the stock market movements. Towards the end of the trading day, as the stock market waned and left the DJIA index at 15337.70, BB&T took the lead and moved in the same direction for quoting its interest rates. However, the stock prices of BBT shares rose up by +1.13% and touched a new price point 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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