Where several other mortgage lenders are struggling hard to publish stable or lower mortgage interest rates, Branch Banking and Trust Corp (NYSE: BBT) managed to please the potential home buyers by publishing lower benchmark 30 year fixed mortgage interest rates on March 17, 2014. Today, the interest borrowers will find the ideal home purchase deals being traded at improved interest rates as compared to the previous week’s figures.
Starting off with the standard, long term offerings of BB&T, the 30 year fixed rate mortgage home loan deals can be seen advertised at an interest price of 3.625% and an annual percentage rate of 3.882% today. On the other hand, the seekers of short term lending options can avail the benefits of 15 year fixed rate mortgage home loans being traded at an interest cost of 4.250% and an APR yield of 4.772%.
For the borrowers, who are looking for some unique home financing options, and aren’t really attracted towards the standard home loan deals, the bank is offering its exclusive, midterm, 20 year fixed rate mortgage home loan plans at an interest rate of 3.250% and an APR yield of 3.878% today. However, the shortest, 10 year fixed rate mortgage home loan deals can be locked in at a lending rate of 3.625% and an annual return rate of 4.408% today.
Heading towards the refinancing arena, the interested customers can spot the popular 30 year fixed rate mortgage home loans being traded at an interest rate of 3.625% and are backed by an annual percentage yield of 3.882% today. In the short term lending section, the customers can spot the 15 year refinancing fixed rate mortgage deals can be secured by bearing an interest cost of 4.250% and an annual return rate of 4.772% today.
In the exclusive refinancing division, the mortgage shoppers can find the ideal 20 year fixed rate mortgage home loans being traded at an interest rate of 3.250% and carrying an annual return rate of 3.878% today. On the other hand, the shortest, 10 year refinancing fixed rate mortgage home loan schemes are up for grabs at an interest price of 3.625% and are accompanied by an annual percentage return of 4.408% today.
Mortgage rates quoted by banks are normally affected by the frequent changes in the prices of mortgage backed bonds and securities, which are known to follow the stock market movements closely. As the Wall Street waned towards the end of the trading day and left the DJIA index at 15337.70, the bank moved along the same direction and published its mortgage interest rates accordingly. Irrespective of lending rates, the stock price of BBT shares moved up by +1.13% and reached a new price 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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