At the time, when the realty and mortgage home loan market is dealing with unvarying changes, Branch Banking and Trust (NYSE: BBT) somehow managed to remain flat for almost over a week now and continues to do so this week as well. As per the new home loan information released by the bank on February 18, 2014, the benchmark 30 year fixed mortgage interest rates are hanging around the same position as yesterday, thereby helping the bank maintain a steady outflow of its loan products in the market.
As of now, the standard, long term, 30 year fixed rate mortgage home loans are being advertised at an interest rate of 3.750% and are carrying an annual percentage rate of 3.883% today. On the other hand, in the short term home loan section, the customers can find the best 15 year fixed rate mortgage packages being traded at an interest cost of 4.375% and being backed by an annual return rate of 4.909% today.
For the seekers of unique lending options, the bank is currently offering its midterm, 20 year fixed rate mortgage home loan plans at a starting interest rate of 3.375% and an annual percentage yield of 3.949% today. The shortest, 10 year fixed rate mortgage home loans are carrying an interest tag of 3.750% and an annual percentage rate of 4.406% today.
Shifting towards the refinancing home loan division, the interested borrowers can spot the popular 30 year fixed rate mortgage home loan plans coming out at an interest rate of 3.750% and carrying an annual return equivalent to 3.883% today. When it comes to short term refinancing options, the mortgage shoppers can find the ideal 15 year fixed rate mortgage plans being traded at an interest rate of 4.375% and an annual return rate of 4.909% today.
When it comes to the exclusive lending division, the home loan seekers can lock in the special, midterm, 20 year refinancing fixed rate home loan deals at an interest price of 3.375% and an annual return rate of 3.949% today. On the other hand, the shortest, 10 year refinancing FRM home loans can be had at a lending rate of 3.750% and an APR yield of 4.406% today.
The mortgage rates published by major banks are often affected by the fluctuations in the rates of mortgage backed financial instruments, which normally follow the stock market movements on any normal trading day. As the stock market lost its ground towards the end of the trading day and left the DJIA index at 15337.70, BB&T followed its footsteps and quoted its mortgage interest rates accordingly. However, the stock price of BBT shares rose up by +0.40 and closed at a new price point 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.