After publishing higher interest rates on its new home purchase and refinancing loans yesterday, Branch Banking and Trust (NYSE: BBT) made some minor adjustments to the short term home loan rates today and kept its benchmark 30 year fixed mortgage interests unchanged.
When going through the new mortgage chart released by BB&T on December 13, 2013, the potential customers will find the standard 30 year fixed rate mortgage loans published against an interest charge of 4.000% and carrying an APR yield of 4.144%. However, it is in the short term lending division that the lender hiked the interest rates to 4.500% today for its popular 15 year fixed rate mortgage deals, and offers an impressive APR yield of 5.023%.
In the category of exclusive loans, the customers can find the intermediate financing options listed at the same interest rates as yesterday. As of now, the borrowers can go for the 20 year fixed rate mortgage loans if they agree to an interest rate of 3.375% and find an APR yield of 4.039% impressive. Alternatively, the shortest, 10 year fixed rate home financing deals can also be had at BB&T by bearing a lending charge of 4.000% and an APR yield of 4.669%.
In the refinancing arena, the potential mortgagors can find an ideal match for their long term needs in the face of 30 year fixed rate mortgage options, which are traded today at a rate of 4.000% and carry an APR yield of 4.144%. On the other hand, the short term, 15 year refinancing fixed rate mortgage loans can be had at an interest rate of 4.500% and a nice APR yield of 5.023%.
For the borrowers looking for refinancing options having unique time frames, the bank provides 20 year refinancing loans against an interest cost of 3.375%, which is accompanied by an APR yield of 4.039%. The shortest, 10 year refinancing fixed rate mortgage deals can be acquired by paying an interest charge of 4.000%, along with an APR yield of 4.669%.
The mortgage rates available to the customers fluctuate due to the change in the price of mortgage related bonds and securities, which normally follow the stock market movements. As the stock market declined by the end of the trading day and reduced the DJIA index to 15337.70 after a decline of -0.73%, BB&T followed the same direction and published its mortgage rates accordingly. However, the BBT stock prices rose up by +0.40 and touched a new mark 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.
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