Mortgage Interest Rates at BB&T Show Signs of Improvement on January 13, 2014
The benchmark 30 year fixed mortgage interest rates at BB&T are enjoying a journey back home this Monday. The customers visiting the local offices of the North Carolina based mortgage lender on January 13, 2014, will find a nice improvement in the lending rates at which the home purchase and refinancing deals are being traded.
As of now, the standard 30 year fixed rate mortgage home loans are being traded at an interest rate of 3.875% and come along with an annual percentage rate of 3.996%. In the short term lending section, the customers can find the 15 year fixed rate mortgage home loan deals coming out at an interest rate of 4.500% and yielding an annual return of 4.989%.
In the exclusive lending division, the customers can find the mid-term, 20 year fixed rate mortgage home loan packages being priced at a lending rate of 3.375% and an APR yield of 4.020% today. However, the shortest, 10 year fixed rate home loan schemes are carrying an interest charge of 3.875% and are yielding an APR of 4.020% to start with.
Shifting to the refinancing section, the prospective loan borrowers will find the popular 30 year fixed rate mortgages coming out at an interest cost of 3.875% and carry an annual return rate of 3.996%. For the admirers of short term lending options, the best, 15 year refinancing fixed rate mortgage packages, are now being traded at a lending rate of 4.500% and an APR yield equivalent to 4.989%.
In the unique financing section, the prospective home loan customers can find the mid-term, 20 year refinancing fixed rate home loan schemes being advertised at an interest rate of 3.375% and carrying an APR yield of 4.020% today. Alternatively, the shortest, 10 year refinancing fixed rate mortgage home loan deals can be had at an interest rate of 3.875% and an APR yield of 4.520%.
The mortgage rates published by banks are normally affected by the price of mortgage backed financial securities, which follow the stock market movements on any normal trading day. As the stock market lost its ground and brought the DJIA index down by -113.35, the bank blindly followed its movement for quoting the mortgage interest rates. Today, irrespective of the mortgage rates, the share prices of BBT stock increased 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.