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Mortgage Home Loan Rates at BB&T Remain Unchanged on January 31, 2014

Mortgage Home Loan Rates at BB&T Remain Unchanged on January 31, 2014

Business

Mortgage Home Loan Rates at BB&T Remain Unchanged on January 31, 2014

As observed in the past couple of days, the conventional home loan rates are enjoying a steady run at Branch Banking and Trust (NYSE: BBT) and the story hasn’t changed a bit on January 31, 2014 as well. According to the latest information released by the bank, benchmark 30 year fixed mortgage interest rates are holding firm this Friday, thereby bringing along no change in the demand of the BB&T loan products in the market.

For the potential home buyers, under its standard, long term loan section, the US based mortgage lender has published the best 30 year fixed rate mortgage home loans at an interest rate of 3.750% and an annual percentage rate of 3.893% today. On the other hand, the relatively shorter, 15 year fixed rate mortgage packages can be locked in at an interest price of 4.375% and an APR yield of 4.898%.

The mortgage shoppers, who aren’t happy with the interest rates of the long term lending options and do not find the short term offerings to impressive, can look out for the midterm, 20 year fixed rate mortgage home loans, which are now being traded at an interest rate of 3.375% and an APR yield of 3.985% today. However, the shortest, 10 year fixed rate mortgage deals can be locked in at an interest rate of 3.750% and an annual return of 4.416%.

In the refinance lending department, the interested customers can find the popular 30 year fixed rate mortgage home loans being published against a lending charge of 3.750% and an APR yield of 3.893%. Alternatively, the short term, 15 year refinancing fixed rate mortgage options, are carrying an interest cost of 4.375% and an APR yield of 4.898% today.

The admirers of exclusive category home loans can go for the midterm, 20 year refinancing fixed rate mortgage home loans, which are now tagged at an interest price of 3.375% and are backed by an annual percentage yield of 3.985%. On the other hand, the shortest, 10 year refinancing fixed rate home loan deals can be acquired by bearing an interest burden of 3.750% and an APR yield of 4.416% today.

Mortgage home loan rates published by the lenders are often affected by the change in the price of mortgage backed bonds and securities, which are known to trail the stock market movements. As the stock market dipped by the end of the trading day, only to leave the DJIA index behind at 15337.70, the bank followed its footsteps and published its interest rates. However, irrespective of mortgage rates, the stock price of BBT shares ticked up and closed at 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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