Lower Mortgage Home Loan Rates at BB&T on December 23, 2013
Following a surprising spike in the benchmark 30 year mortgage interest rates last week, Branch Banking and Trust (NYSE: BBT) made little changes to its new home purchase and refinancing loans on December 23, 2013. The customers can now find certain home loan deals listed at somewhat lower interest rates in comparison to the rates, at which, the traded last week.
Starting with the long term, 30 year fixed rate mortgage options, the North Carolina based lender is trading its standard home loan packages at a rate of 4.125% and is offering an annual return equivalent to 4.238% to start with. For the customers interested in taking the shorter route, the bank offers 15 year fixed rate mortgage loans at a rate of 4.500% and an APR yield of 5.034% today.
In the exclusive lending section, the potential home buyers can find the unique, 20 year mid-term fixed rate mortgage loans listed against a lending charge of 3.500% and an APR yield of 4.091%. On the other hand, the shortest, 10 year fixed rate home loan schemes are being traded by the lender at an interest cost of 4.125% and an annual return of 4.764% today.
Heading towards the refinancing section, the customers can have the 30 year fixed rate mortgage loans at an interest rate of 4.125% and an APR yield of 4.238% today. On the other hand, the relatively shorter, 15 year refinancing fixed rate mortgage home loans are coming out at an interest cost of 4.500% and an APR yield of 5.034%.
When it comes to exclusive lending section, the potential customers can find the 20 year refinancing fixed rate mortgage packages quoted at a rate of 3.500% and an annual return of 4.091% today. However, the shortest, 10 year refinancing fixed rate home loan deals are published at a rate of 4.125% and come with an APR yield of 4.764%.
The new purchase and refinancing rates are generally affected by the price changes in the mortgage package securities, which follow the stock market movements. Today, the stock markets lost ground and left the DJIA index at 1533.70, the bank also followed the movement blindly for quoting its mortgage rates. However, the stock prices of BB&T shares rose by +0.40 and reached 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.