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Current Mortgage Home Loan Rates at BB&T (January 21, 2014)

Current Mortgage Home Loan Rates at BB&T (January 21, 2014)

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Current Mortgage Home Loan Rates at BB&T (January 21, 2014)

Current Mortgage Home Loan Rates at BBT January 21 2014After taking its mortgage interest rates on a sky ride yesterday, Branch Banking and Trust (NYSE: BBT) chose to keep its standard and refinancing home loans trading at the same, increased lending rates on January 21, 2014. This Tuesday did not bring along any pleasant or unpleasant change in the benchmark 30 year fixed mortgage interest rates at the US based mortgage lender.

Today, the potential home buyers can find the standard, long term, 30 year fixed rate mortgage home loans trading at an interest rate of 3.875% and carrying an annual percentage rate of 3.986%. On the other hand, in the short term lending section, the borrowers can find the 15 year fixed rate mortgage home loan deals coming out at an interest cost of 4.375% and an APR yield of 4.918% today.

In the exclusive lending zone, the customers can find the midterm, 20 year fixed rate mortgage home loans at an interest price of 3.375% and an annual return of 4.001% today. However, the shortest, 10 year fixed rate mortgage home loan packages are now priced at a lending price of 3.875% and are backed by an APR yield of 4.509%.

As far as the refinancing mortgage home loans are considered, the bank currently offers its benchmark 30 year fixed rate mortgage home loan plans at an interest rate of 3.875% and an APR yield of 3.986%. Among the refinancing options with short tenure, the bank includes 15 year fixed rate mortgage deals in its loan portfolio at an interest cost of 4.375% and an APR yield of 4.918% today.

For the borrowers who find 30 years to be quite a long period for home loans and aren’t happy with the 15 year tenure, the bank offers its exclusive, midterm, 20 year refinancing fixed rate mortgage home loans at an interest rate of 3.375% and an APR yield of 4.001% today. However, the shortest, 10 year refinancing fixed rate mortgage deals can be had at an interest cost of 3.875% and an APR yield of 4.509%.

The mortgage rates at which standard and refinancing home loans are available at the banks are normally affected by the changes in the price of mortgage backed bonds and securities, which follow the stock market movements closely. However, as the markets closed at a lower level by the end of the trading day and left the DJIA index at 15337.70, BB&T did not track the movement and published its interest rates independently. However, the share price of BBT stock improved by +0.40 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.

About Stephany Wilson

Stephany Wilson covers business and finance related news.

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