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Current Mortgage Interest Rates of BB&T on January 2, 2014

Current Mortgage Interest Rates of BB&T on January 2, 2014

Business

Current Mortgage Interest Rates of BB&T on January 2, 2014

Current Mortgage Interest Rates of BBTAs in the case of several other major mortgage lenders, the benchmark 30 year fixed mortgage interest rates did not experience any change at Branch Banking and Trust (NYSE: BBT) on January 2, 2014 as well. The new mortgage information released by the bank showed no movement in the interest rates at which the new home purchase and refinancing home loans are available at BB&T this Thursday.

Today, in the fixed rate mortgage section, the standard long term, 30 year fixed rate mortgage home loans are coming out at a rate of 4.125% and are accompanied by an annual percentage rate of 4.258%. On the other hand, the short term, 15 year fixed rate mortgage deals can be locked in at a lending rate of 4.500% and an APR yield of 5.055% today.

In the exclusive lending category, the customers can find the midterm 20 year fixed rate mortgage home loans coming out at a rate of 3.500% and carrying an annual return of 4.108% on the initial amount of the loan. However, the shortest, 10 year fixed rate mortgage deals can be obtained at a rate of 4.125% and an annual return rate of 4.785%.

When it comes to the refinancing lending options, BB&T provides its best 30 year fixed rate mortgages at a rate of 4.125%, which is backed by an APR yield of 4.258% today. Alternatively, the 15 year refinancing fixed rate mortgage home loan schemes are up for grabs at a rate of 4.500% and carry an APR yield of 5.055% today.

For those who are looking for something different, the bank offers 20 year refinancing fixed rate mortgage plans in its unique lending section at an unchanged rate of 3.500% and offer an APR yield of 4.108%. Likewise, the shortest, 10 year refinancing fixed rate mortgage home loan packages are listed at the same rate of 4.125% and an annual return of 4.785%.

The mortgage interest rates published by banks are affected by the rise and fall in the price of mortgage backed bonds and securities, which often fluctuate after tracking the stock market movements. As the stock market plummeted by the end of the trading session and left the DJIA wandering at a lower mark of 15337.70, BB&T moved in the same direction and published its mortgage interest rates. However, the stock prices of the BBT shares increased by +1.13% and touched 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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