At the North Carolina based major mortgage home loan lender, Branch Banking and Trust (NYSE: BBT), the new mortgage rate sheets are showing a rise in the home purchase and refinancing loan rates available in the loan portfolio of the bank on December 20, 2013. The interested mortgage lenders will find a sudden hike in the benchmark 30 year fixed mortgage interest rates this Friday.
In the non-conventional, long term new home purchase loaning segment, the mortgage lender is offering 30 year fixed rate mortgage home loans at an increased lending cost of 4.125% and an annual percentage yield of 4.280% today. The short term counterparts of the 30 year FRM deals, the 15 year fixed rate mortgage home loan packages can be had by dealing with an interest burden of 4.625% and an APR yield of 5.116%.
In the unique financing division, the bank offers its mid-term, 20 year fixed rate mortgage schemes against at a lending cost of 3.500%, along with an annual percentage return of 4.146%. However, the home loan deals with the shortest tenure, the 10 year fixed rate mortgage options are up for grabs at a lending rate of 4.125% and are accompanied by an APR yield of 4.807%.
As far as the refinancing category is concerned, BB&T published its standard 30 year fixed rate mortgage loan deals at an increased rate of 4.125%, along with an annual return of 4.259% today. The relatively short term, 15 year refinancing fixed rate plans are now offered at against a lending charge of 4.500% and an APR yield of 5.056%.
Heading towards the exclusive loaning section, the customers can find the mid-term, 20 year refinancing fixed rate mortgage home loans listed at a higher lending cost of 3.500% and an APR yield of 4.109%. However, the interested borrowers can find the shortest, 10 year refinancing fixed rate home financing schemes being offered at a starting rate of 4.125% and an APR yield of 4.785% today.
While the mortgage lenders haven’t been able to recover fully from the repercussions of the realty bubble burst, the increased instances of robberies are only adding to the woes of the banks. Recently, the Mapledale Plaza branch of BB&T Bank in Dale City was hit by a robber at around 2.25pm. The police do not have a clear description of the robber yet, but they are trying to figure out something from the bank’s CCTV tapes.
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.