In the current realty and home financing market, where unstable economic factors have created a mayhem for the bankers and mortgage lenders, Branch Banking and Trust Corp (NYSE: BBT) managed to keep its home loan rates somewhat stable on March 24, 2014. Though the benchmark 30 year fixed rate mortgage interest rates remained stable, the mortgage shoppers will find a small spike in the short term mortgage home loan rates this Monday.
According to the new mortgage information made available to the mortgage shoppers today, the standard, long term, 30 year fixed rate mortgage home loans are coming out at an interest rate of 3.875% and are carrying an annual percentage rate of 4.029%. On the other hand, the relatively shorter, 15 year fixed rate mortgage home loan plans would be an ideal pick for the potential customers, who are willing to take the shortest route to finance their home purchase, at an interest rate of 4.500% and an annual percentage yield of 5.002% today.
In a unique, fixed rate home loan section, the US based lender publishes its midterm, 20 year fixed rate mortgages in its loan portfolio for the unhappy borrowers, against an interest price of 3.375% and an APR yield of 4.022%. The interested customers can also find the shortest, 10 year fixed rate mortgage loan published in the bank’s books against an interest charge of 3.875% and an annual return rate of 4.554%.
Shifting sights to the refinancing division, the customers, who are interested in refinancing their existing home investments, will find the popular 30 year fixed rate mortgage home loan packages being advertised at a lending price of 3.875% and an APR yield of 4.029% today. However, the short term, 15 year counterparts of 30 year refinancing fixed rate mortgage home loan deals can be locked in at an interest rate of 4.500% today, along with an annual return rate of 5.002% today.
The mortgage shoppers, who are not really impressed by the standard home loan deals and are looking for something exclusive, can opt for the midterm, 20 year refinancing fixed rate mortgage schemes, which are now tagged with an interest price of 3.375% and are offering an annual percentage yield of 4.022%. Alternatively, the shortest, 10 year refinancing fixed rate mortgage home loan options can be acquired by bearing an interest burden of 3.875% and agreeing to an APR yield of 4.554% 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.
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.