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Current Mortgage Rates Summary at BB&T on January 28, 2014

Current Mortgage Rates Summary at BB&T on January 28, 2014

Business

Current Mortgage Rates Summary at BB&T on January 28, 2014

On the second day of the week, the benchmark 30 year fixed mortgage interest rates aren’t showing any change at the North Carolina based mortgage lender, Branch Banking and Trust Corp (NYSE: BBT). The new week did bring along a favorable change in the lending rates offered by the bank yesterday, but the home purchase and refinancing loan rates are holding steady today.

In the standard, long term lending division, the bank is currently offering its 30 year fixed rate mortgage home loan packages at an interest rate of 3.750%, along with an annual percentage rate of 3.870%. Alternatively, the short term, 15 year fixed rate home loan packages are coming out at a lending rate of 4.375% and an APR yield of 4.885% today.

In the exclusive lending division, for the borrowers who find the period of 30 years quite long for home loans and aren’t happy with the short term loan offerings, the bank is currently offering its midterm 20 year fixed rate mortgage home loan packages at an interest rate of 3.375% and an APR yield of 3.964%. On the other hand, the best 10 year fixed rate mortgage home loan deals are coming out at an interest rate of 3.750% and are backed by an APR yield of 4.393%.

When it comes to the regular refinancing mortgage options, the American lender publishes the popular 30 year fixed rate mortgage plans in its portfolio against a lending charge of 3.750% and an APR yield of 3.870% today. However, the relatively shorter, 15 year refinancing fixed rate mortgage home loan deals are now up for grabs at an interest rate of 4.375% and an APR yield of 4.885%.

For the borrowers seeking some different and exclusive home refinancing deals, the bank provides the ideal midterm, 20 year fixed rate mortgage home loan deals at an interest rate of 3.375% and an APR yield of 3.964% today. The shortest, 10 year refinancing fixed rate mortgage home loan packages are now coming out at a lending charge of 3.750% and an annual return rate of 4.393% today.

The home loan rates quoted by banks are normally affected by price fluctuations experienced by the mortgage backed financial securities, which go up and down according to the stock market movements. As the market dipped towards the end of the trading day and left the DJIA index at 15337.70, BB&T followed the same directing and published its mortgage rates. However, the stock prices of BBT shares improved by +0.40 and increased to 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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