Following the realty bubble burst, the mortgage lenders have been dealing with the regular ups and downs in the market, which certainly affects the overall demand of their loan products at the end of the day. However, maintaining a continuous pace for almost over a week now, the benchmark 30 year fixed mortgage interest rates at Branch Banking and Trust (NYSE: BBT) experienced no relative change on February 17, 2014.
Not surprising the borrowers, the US based mortgage provider, today, published its standard, 30 year fixed rate long term mortgage home loans at the same lending charge of 3.750% and an annual percentage rate of 3.883% today. However, for the admirers of short term financing options, the mortgage lender is now offering its best 15 year fixed rate mortgage home loan plans at an interest rate of 4.375% and an annual return equivalent to 4.909% today.
For the mortgage shoppers, who find 30 years to be a quite long period for home loans, and aren’t happy with the overall rates that accompany the short term deals, the bank is now offering its unique, midterm, 20 year fixed rate mortgage home loan deals at an interest rate of 3.375% and an annual return of 3.949% today. On the other hand, the shortest, 10 year fixed rate mortgage deals can be locked in at an interest rate of 3.750% and an APR yield of 4.406%.
When it comes to ideal refinancing home loan deals, the potential home loan borrowers can find the popular 30 year fixed rate mortgage plans coming out at an interest rate of 3.750% and being backed by an APR yield of 3.883% today. Alternatively, the short term, 15 year refinancing fixed rate mortgage plans can be locked in at an interest rate of 4.375% and an APR yield of 4.909% today.
In the exclusive lending division, the interested borrowers can spot the unique, 20 year refinancing midterm fixed rate mortgage home loans being advertised at an interest price of 3.375% and an annual return of 3.949% today. However, the shortest, 10 year refinancing fixed rate mortgage plans are up for grabs at an interest cost of 3.750% today along with an APR yield of 4.406%.
The mortgage interest rates published by the lenders are often affected by the change in prices of mortgage backed financial bonds and securities, which often trail the stock market movements on a normal trading day. As the Wall Street waned towards the end of the trading day, leaving the DJIA index hanging around 15337.70, the bank took the lead and followed the stock market for quoting its interest rates. However, the stock price of BBT shares rose up by +1.13% and touched a new price point 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.
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.