Towards the end of another trading week, the North Carolina based mortgage lender, Branch Banking and Trust Corp (NYSE: BBT), chose to continue trading its standard home purchase and refinancing deals at the same interests as yesterday. As per the new mortgage charts released by the bank on April 4, 2014, the eligible borrowers can find the benchmark 30 year fixed mortgage interest rates holding their position, without experiencing any positive or negative change today.
With regards to the standard, long term home loan offerings, the borrowers will have to deal with an interest price of 3.875% and agree to an annual percentage rate of 4.030% for acquiring the ideal 30 year fixed rate mortgage home loans today. On the other hand, the borrowers, who are keen on having the home investments financed through short term deals, can secure the 15 year fixed rate mortgage loans by dealing with an interest cost of 4.500% and an APR yield of 5.014% today.
In the unique lending division, the bank is currently offering its midterm, 20 year fixed rate mortgage home loan packages at an interest rate of 3.375% and an annual return rate of 4.041% today. Alternatively, the shortest, 10 year fixed rate mortgage loan deals can be secured at an interest price of 3.875% and an APR yield of 4.554%.
Heading towards the refinancing loan department, the interested borrowers will find the popular 30 year fixed rate mortgage home loans being listed in the bank’s books at an interest rate of 3.875% today and being backed by an annual percentage yield of 4.009%. However, the relatively short term, 15 year counterparts of the 30 year refinancing fixed rate home loan plans are being traded at an interest rate of 4.500% and an annual percentage return of 5.014%.
When it comes to the exclusive lending options, the mortgage shoppers can spot the midterm, 20 year refinancing fixed rate home loan schemes being listed against an interest charge of 3.375% and carrying an APR yield of 4.023% today. On the other hand, the shortest, 10 year refinancing fixed rate home loan plans can be locked in at an interest cost of 3.875% and an annual return of 4.533% today.
The lending rates quoted by banks are normally affected by the fluctuations in the rates of the mortgage backed financial bonds and securities, which move along the stock market movements. As the Wall Street lost its ground and left the DJIA index stranded at 15337.70, BB&T moved in the same direction and released its mortgage rates accordingly. Irrespective of the interest rates, the stock price of BBT shares moved up by +1.13% and reached a new price mark 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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