Mortgage Interest Rates Remain Unchanged at BB&T on April 28, 2014

Mortgage Interest Rates Remain Unchanged at BB&T on April 28, 2014

Choosing to move along the same path, Branch Banking and Trust Corp (NYSE: BBT), made no absolute change to the benchmark 30 year fixed mortgage interest rates on April 28, 2014. This Monday, in its most up to date mortgage rate charts, BB&T bank made kept the interest rates, at which, the standard home purchase and refinancing home loans are traded, unaltered for the potential customers, thereby causing no commotion in the market with regards to demand of its loan products.

As of now, the interested customers can find the standard, long term, 30 year fixed rate mortgage home loans being traded at an interest rate of 4.375% and being accompanied by an annual percentage rate of 4.866%. However, in the short term home loan section, the bank offers its best 15 year fixed rate mortgage deals at an interest price of 3.375% and an annual percentage yield of 3.949% this Monday.

In the exclusive home financing section, the customers, who are unhappy with the standard long term deals and find short term loans to be quite expensive, can opt for the midterm, 20 year fixed rate mortgage home loans, which are now coming out at an interest rate of 4.000% and an annual return rate of 4.557% today. On the other hand, the shortest, 10 year fixed rate mortgage home loan packages can now be seen tagged with a lending price of 3.000% and carrying an APR yield of 3.661% at the beginning of the new trading week.

Heading towards the refinancing home loan arena, the mortgage shoppers can spot the long term, 30 year fixed rate mortgage home loans being advertised at an interest rate of 3.750% and being backed by an annual percentage yield of 3.883% this Monday. On the contrary, the short term, 15 year counterparts of the 30 year refinancing fixed rate home loan plans are now up for grabs at an interest cost of 4.375% and an annual return rate of 4.898% today.

As far as the exclusive lending options are concerned, the potential home buyers can spot the 20 year, midterm, refinancing fixed rate mortgage home loans being published against a lending rate of 3.375% and offering an APR yield of 3.967%. Alternatively, 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.