No Movement in Mortgage Interest Rates at BB&T on May 19, 2014

No Movement in Mortgage Interest Rates at BB&T on May 19, 2014

A new price report released by the US based mortgage lender, Capital One Financial Corp (NYSE: COF), on May 19, 2014, showcased no change in the benchmark 30 year fixed mortgage interest rates for the interested borrowers. The customers, who are planning on taking financial assistance from BB&T to purchase a dream home, will find no change in the lending rates at which fixed and flexible home loan deals are coming out today.

Starting off with the standard, long term home loan options, the potential home buyers can find the standard 30 year fixed rate mortgage home loans being traded at an interest rate of 4.125% and carrying an annual percentage rate of 4.128% this Monday. The relatively short term, 15 year fixed rate mortgage home loan packages can now be locked in at an interest rate of 3.250% and an APR yield of 3.256%.

The borrowers, who are planning on financing their expensive realty investments through the US based lender, can find the jumbo versions of its popular 30 year fixed rate mortgage options being listed in the home loan portfolio against an interest rate of 4.125%, along with an annual percentage yield of 4.126%, which is certainly higher than the return offered by non-jumbo financing options. In the short term lending section, the 15 year jumbo fixed rate mortgage home loans can now be locked in at the same interest price of 3.625% and an annual return rate of 3.627% today.

As far as the adjustable rate mortgage home loans deals are concerned, the interested home loan borrowers can spot the 5 year variable rate mortgage deals being traded at an interest rate of 3.000% and carrying an APR yield of 2.839% during the starting years of the home loan tenure. The more flexible, 7 year adjustable rate mortgage home loans can now be locked in at a starting lending rate of 3.250% and an annual percentage return of 2.983% this Monday.

The mortgage interest rates quoted by banks are normally affected by the upward and downward movement of the prices of mortgage backed financial bonds and securities, which are known to follow the stock market movements quite closely. As the stock market waned by the end of the trading day and left the DJIA index at 15337.70, after a fall of -113.35, Capital One Financial trailed the stock market movement and published its interest rates accordingly. However, the stock price of the COF shares increased by +0.59 and reached a new price point of 67.60.

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.

For comments and suggestions, leave a message in the comments section below. Like and Follow our Facebook page for more stories and to stay up-to-date with the latest happenings.

About the author

Rob is a analyst and reporter covering stocks and business news.