Mortgage Interest Rates Remain Steady at BB&T on April 21, 2014

Mortgage Interest Rates Remain Steady at BB&T on April 21, 2014

This Monday, at the major US based mortgage lender, Branch Banking and Trust Corp (NYSE: BBT), the benchmark 30 year fixed mortgage interest rates experienced no pleasant or unpleasant movement. As per the new mortgage information made available by the lender on April 21, 2014, the standard home purchase and refinancing home loan deals are coming out at the same interest rates as yesterday, which will certainly have a positive impact on the overall sales of BB&T loan products in the market today.

To start with, in the standard, long terms home loan section, the bank is now offering 30 year fixed rate mortgage home loan deals at an interest rate of 4.375% and an annual percentage rate of 4.898% today. However, for those, who are planning on heading down the shorter route to finance their realty investment, the bank offers its 15 year fixed rate mortgage home loans at an interest rate of 3.375% and an APR yield of 4.004%.

In the exclusive lending division, the US based lender aims at catering to the needs of customers, who are not willing to extend their financing options for a period of 30 years, or aren’t really happy with the short term deals, by offering the midterm, 20 year fixed rate mortgage deals at a lending rate of 4.125% and an annual percentage yield of 4.658%. On the other hand, the shortest, 10 year fixed rate mortgage home loans can be locked in at an interest rate of 3.000% and an annual percentage yield of 3.741% this Monday.

With regards to the refinancing options, the mortgage shoppers can find the popular 30 year fixed rate mortgage home loans being advertised at an interest rate of 3.750% and being backed by an annual return rate of 3.883% today. However, the relatively shorter, 15 year counterparts of the 30 year refinancing fixed rate home loans are now coming out at an interest cost of 4.375% and are accompanied by an annual return rate of 4.898%.

Heading towards the exclusive lending zone, the interested home loan borrowers can spot the 20 year, midterm, refinancing fixed rate mortgage home loan packages being listed at an interest rate of 3.375% and backed by an annual percentage yield of 3.967%. On the other hand, the shortest, 10 year refinancing fixed rate mortgage home loans can now be locked in at an interest rate of 3.750% and an annual percentage return of 4.406% this Monday. 

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.