Towards the end of another trading week, the US based mortgage provider, Branch Banking and Trust Corp (NYSE: BBT) chose to make some changes to the interest rates at which its standard home purchase and refinancing home loans are coming out on April 11, 2014. The eligible borrowers, who plan on visiting the local branches of BB&T Bank today, in search of ideal home loans, will find a little change in the benchmark, 30 year, fixed mortgage interest rates as against yesterday’s figures, which might affect the demand of BBT loan products in the market.
This Friday, under the standard, long term home financing category, the bank highlights its 30 year fixed rate mortgage home loans at an interest rate of 4.375% and an annual percentage rate of 4.898%. On the other hand, in the short term home loan section, the best, 15 year fixed rate mortgage home loan options can secured by the borrowers with relatively shorter financing needs at a lending rate of 3.375% and an APR yield of 3.967% today.
Moving towards the unique lending section, the mid-term, 20 year fixed rate mortgage loans can be seen coming out at a lending rate of 4.000% and carrying an APR yield of 4.606% this Friday. However, the mortgage shoppers interested in taking the shortest route can opt for the 10 year fixed rate mortgage home loans, which are now available for an interest cost of 3.000% and an APR yield of 3.741% today.
With regards to the refinancing loan options, the overall picture remained somewhat unchanged. Today, BB&T offers its popular 30 year fixed rate mortgage home loans at an interest rate of 3.750% and an annual percentage return equivalent to 3.883%. On the other hand, the relatively shorter, 15 year counterparts of the 30 year refinancing fixed rate mortgage schemes can be acquired at an interest price of 4.375% and an APR yield of 4.898%.
Shifting sights to the exclusive refinancing section, the mortgage shoppers, who find the 30 year loan options to be a bit expensive, or aren’t satisfied with the 15 year mortgage options, can find the midterm, 20 year refinancing fixed rate mortgage loans being traded at an interest rate of 3.375% and an APR yield of 3.967%. However, the shortest, 10 year refinancing fixed rate mortgage home loan plans are now up for grabs at a lending rate of 3.750% and are backed by an annual percentage rate of 4.406%.
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.