Mortgage Interest Rates Remain Steady at BB&T on April 18, 2014

Mortgage Interest Rates Remain Steady at BB&T on April 18, 2014

Towards the end of the trading week, at Branch Banking and Trust Corp (NYSE: BBT), the mortgage borrowers can find no change in the benchmark 30 year fixed mortgage interest rates on April 18, 2014. Today, the interested borrowers will find the ideal home purchase and refinancing deals coming out at same interest rates as yesterday, despite the recent hike in the average US fixed mortgage interest rates as reported by Freddie Mac.

As per the new mortgage sheets released by the bank this Friday, the standard, long term, 30 year fixed rate mortgage home loan deals are being traded at an interest rate of 4.375% and an annual percentage rate of 4.898%. However, the seekers of short term home loan deals can opt for the 15 year fixed rate mortgage home loans, which are now being listed at an interest rate of 3.375% and carrying an annual percentage yield of 3.986% today.

In the unique lending section, for the mortgage shoppers, who find 30 year to be a long period for home debts and aren’t either drawn by the return rates of 15 year deals, the bank is offering its midterm, 20 year fixed rate mortgage loans, at an interest rate of 4.000% and an annual return rate of 4.621% today. On the other hand, the shortest, 10 year fixed rate mortgage options can also be seen published in the bank’s books against an interest cost of 3.000% and an annual return rate of 3.741% today.

As far as the refinancing division is concerned, the overall picture remained somewhat same. This Friday, the popular 30 year fixed rate mortgage packages can still be seen advertised at an interest cost of 3.750% and an APR yield of 3.883%. However, in the short term lending section, the 15 year refinancing adjustable rate mortgage deals can be secured at a lending rate of 4.375% and an annual percentage rate of 4.898% today.

For the mortgage shoppers with unique lending needs and wants, the mortgage lender is now offering its midterm, 20 year refinancing fixed rate mortgage home loans packages at an interest rate of 3.375% and an annual percentage rate of 3.967% this Friday. On the other hand, the shortest, 10 year refinancing fixed rate home loans can also be seen coming out at an interest price of 3.750% and an APR yield of 4.406% at the end of this trading week.

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.