Today’s Mortgage Home Loan Rates on December 18, 2013

Todays Mortgage Home Loan Rates on December 18 2013Branch Banking and Trust (NYSE: BBT) has been publishing its mortgage rates without any major changes for the past two days. The mortgage lender chose to add another day to that happy loaning approach by publishing the same benchmark 30 year fixed rate mortgage interest rates on 18 December, 2013.

As of the now, the potential home buyers would have to bear an interest burden of 4.000% and an annual percentage rate of 4.122% if they are planning on acquiring the long term, 30 year fixed rate mortgage loans for their home financing needs today. However, the borrowers favoring shorter route to home financing can go for the popular 15 year fixed rate mortgage deals that carry an interest rate of 4.500% and an impressive APR yield of 5.012% today.

The borrowers, who find 30 year loan period to be quite long and aren’t satisfied with the 15 year tenure, the bank provides some special lending deals in its unique loan section. The customers can acquire 20 year fixed rate mortgage loans at an interest rate of 3.500% today and an APR yield of 4.072%. However, the shortest, 10 year fixed rate mortgage deals can be locked in at a rate of 4.000% and an annual percentage return of 4.648%.

When it comes to refinancing home loan schemes, BB&T offers the standard 30 year refinancing fixed rate mortgage home loans at a lending rate of 4.000% and an APR yield of 4.122% today. On the other hand, the popular short term, 15 year counterparts of the 30 year refinancing FRM deals are coming out at an interest cost of 4.500% and an APR yield of 5.012% to start with.

The unique, 20 year refinancing fixed rate mortgage loans are being traded at a lending rate of 3.500% today and are accompanied by an APR yield of 4.072%. Alternatively, the shortest, 10 year refinancing fixed rate home loans can be obtained by bearing an interest burden of 4.000% and an APR yield of 4.648% today.

Today, BB&T made an announcement for signing an agreement for acquiring 21 branches of Citibank in Texas. This acquisition will include every branch of Citibank in Austin, Bryan College Station and San Antonio, along with loans worth $134 million and deposits equivalent to $1.2 billion. This acquisition will expand the operational base of BB&T in Texas to over 80 branches, having a total of $2.8 billion in deposits and $2.1 billion in loans.

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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About the author

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