The mortgage rates of new and refinancing loans at Banking Branch and Trust (NYSE: BBT) show a mixed picture on December 9, 2013. On one hand, where the potential borrowers will find the benchmark 30 year fixed mortgage interest rates unchanged, there has been a minor change in the short term mortgage options available at BB&T today.
As per the latest mortgage information published by the lender, the standard 30 year fixed rate mortgage loans stand quoted at an interest rate of 4.125% and carry an annual percentage rate of 4.259%. However, the financing options with a relatively smaller tenure, the 15 year fixed rate mortgage home loans can be acquired by bearing an interest charge of 4.500% and an APR yield of 5.023%.
In the exclusive lending category, the bank pleases the customers who do not wish to extend their financing options for a very long period. The mortgagors can find 20 year fixed rate mortgage deals listed at a rate of 3.375% and accompanied by an APR yield of 4.039%. However, the shortest, 10 year fixed rate mortgage loans can be obtained against a lending charge of 4.125% and an APR yield of 4.785% today.
Taking a turn towards the refinance loan department, BB&T offers the best 30 year refinancing fixed rate mortgage home loans at a rate of 4.125%, which carry an annual percentage rate of 4.259%. In the short term section of the loan portfolio, the customers can find 15 year refinancing fixed rate mortgage options published at an interest rate of 4.500% and carry an APR yield of 5.023%.
In the unique loan division, the mortgage lender caters to the medium term financing needs of the borrowers by providing 20 year refinancing fixed rate mortgage loans at an interest cost of 3.375% and an APR yield of 4.039%. On the other hand, the options with shortest tenure, the 10 year refinancing FRM deals can be acquired at a rate of 4.125% and come along with an APR yield of 4.785%.
This week, according to the Charlotte Business General, Banking Branch and Trust Corp have been ranked at the number one spot in the list of best Small Business Lenders in North Carolina on the basis of the highest number of 7 (a) business loan approvals in this fiscal year. The total number of 7 (a) loans sanctioned by BB&T equaling 131, the bank surpassed Wells Fargo bank, which sits at the second spot with 127, 7 (a) loan approvals.
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.