The standard 30 year fixed mortgage interest rates at the Banking Branch and Trust Corp (NYSE: BBT) moved to the expensive side of the island on December 5, 2013. Both the new purchase as well as the refinancing loan options will now appear more costly to the potential buyers who were planning on paying the lender a visit today.
This Thursday brought along a lot of change in the basic interest rates. As a result, the best 30 year fixed rate mortgage loans are now available at an interest cost of 4.125% and carry an annual percentage yield of 4.259%. As far as the short term financing options are considered, the 15 year fixed rate mortgage loans are published in the bank’s books at against an interest charge of 4.500% and an APR yield of 5.023% to start with.
In the exclusive lending category, BB&T provides 10 year fixed rate mortgage deals to the borrowers who are ready to bear an interest cost of 4.125% and an APR yield of 4.786%. However, the relatively long, 20 year fixed mortgage home loans can be acquired at an interest cost of 3.500% and an APR yield of 4.072%.
In its refinancing division, the lender quotes the benchmark 30 year fixed rate home loan deals against a lending charge of 3.875% and an APR yield of 4.018% today. On the other hand, the short term, 15 year refinancing, fixed rate mortgage loans are coming out at an interest rate of 4.375% today and are backed by an APR yield of 4.929%.
When considering the unique financing options, the bank provides its best 20 year refinancing fixed rate mortgage loans at an interest cost of 3.375% and an APR yield of 3.965%. The fixed rate refinancing options with the shortest time period of 10 years are now available at an interest charge of 3.875% and carry an APR yield of 4.542%.
The fresh as well as refinance mortgage rates are normally affected by the change in the rates of mortgage backed financial securities, which move according to the stock market movements.
Though the stock market declined by the end of the trading session and left the DJIA index at 15337.70 after a reduction of about -0.73%, BB&T kept its mortgage rates unaffected by this sudden change in the market. However, the stock prices of BBT shares did manage to touch new heights and closed at 35.72 after increasing about +0.40 price points.
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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