At the popular US based mortgage lender, Branch Banking and Trust Corp (NYSE: BBT), the benchmark 30 fixed mortgage interest rates are holding firm on April 22, 2014. According to the latest mortgage charts published by the bank this Tuesday, the standard home purchase and refinancing home loan deals are coming out at the same interest rates as yesterday, thereby making no change in the overall demand of BBT home loan products.
As of now, in the standard, long term home loan section, the 30 year fixed rate mortgage home loan plans are coming out at an interest price of 4.375% and an annual percentage yield of 4.898%. However, the borrowers interested in walking along the shorter path can opt for the 15 year fixed rate mortgage home loan plans, which are now being traded at an interest rate of 3.375% and an APR yield of 4.004% today.
In the unique lending section, the potential home buyers, who do not want to extend their home loan debt for 30 years, and are finding 15 years period to be quite short, can opt for the midterm, 20 year, fixed rate mortgage loans, which are now listed against an interest price of 4.125% and an APR yield of 4.658%. Alternatively, the shortest, 10 year fixed rate home loan schemes are now up for grabs an interest cost of 3.000% and an annual return of 3.741% this Tuesday.
Heading towards the refinancing division, the mortgage shoppers can find the popular 30 year fixed rate mortgage packages being listed in the bank’s books at an interest rate of 3.750% and an annual percentage yield of 3.883%. On the other hand, in the short term lending section, the 15 year counterparts of the 30 year refinancing adjustable rate mortgage deals can be locked in at a lending rate of 4.375% and an annual return rate of 4.898% today.
For the home loan borrowers with unique refinancing needs and wants, the US based mortgage lender offers its midterm, 20 year refinancing fixed rate mortgage home loan options at an interest rate of 3.375% and an APR yield of 3.967% this Tuesday. However, the shortest, 10 year refinancing fixed rate home loans can also be found published in the bank’s portfolio against a lending price of 3.750% and an APR yield of 4.406% today.
The mortgage interest rates quoted by banks are normally affected by the price changes experienced by mortgage backed financial securities, which are known to follow the stock market movements. Today, as the stock markets lost its ground, leaving the DJIA index at 1533.70, BB&T bank followed the movement blindly and published its mortgage rates accordingly. However, the stock prices of BB&T shares experienced a hike of +0.40 and closed at 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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