Mortgage Interest Rates Show No Movement at BB&T on March 25, 2014

As per the new mortgage report published by Branch Banking and Trust Corp (NYSE: BBT) on March 25, 2014, the benchmark 30 year fixed mortgage interest rates are holding their position firm in the safe house. The eligible home loan borrowers, who are looking forward to have their new home purchase financed through BB&T today, will find the ideal home loan deals being traded at the same interest rates as yesterday.

This Tuesday, with regards to the standard, long term home loan deals, the US based mortgage lender is charging an interest price of 3.875% and offering an annual percentage return of 4.029% to the borrowers who are keen on securing the 30 year fixed rate mortgage home loan deals. On the other hand, in the short term lending section, the seekers of 15 year fixed rate mortgage loans are being charged with an interest price of 4.500% and are offered an annual percentage rate of 5.002% today.

For the mortgage shoppers, who aren’t really impressed by the standard long term deals and find the short term home loans to be a bit expensive, the bank is offering its exclusive, midterm, 20 year fixed rate mortgage home loans at an interest rate of 3.375% and an annual percentage rate of 4.022% today. On the other hand, the shortest, 10 year fixed rate mortgage home loan plans can be locked by bearing an interest cost of 3.875% and agreeing to an annual return equivalent to 4.554% of the loan amount.

The picture remained largely the same in the refinancing home loan section, where, the popular 30 year fixed rate mortgage home loan packages are still being published against a lending rate of 3.875% and are backed by an APR yield of 4.008% today. However, the relatively shorter, 15 year counterparts of the 30 year refinancing fixed rate mortgage loans can be acquired at a lending rate of 4.500% and an annual return rate of 4.991% today.

Alternatively, in the exclusive home financing division, the interested customers can spot the midterm, 20 year refinancing fixed rate mortgage home loan plans being traded at an interest rate of 3.375% and being accompanied by an APR yield of 4.022% today. However, for those who are looking forward to take the shortest route to reach their home financing goals, the bank is currently offering its best 10 year refinancing fixed rate
mortgage home loan schemes at an interest price of 3.875% and an annual percentage rate of 4.532% this Tuesday. 

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.