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Mortgage Home Loan Rates Change a Little at BB&T on January 16, 2014

Mortgage Home Loan Rates Change a Little at BB&T on January 16, 2014

Business

Mortgage Home Loan Rates Change a Little at BB&T on January 16, 2014

Mortgage Home Loan Rates Change a Little at BBT on January 16 2014At Branch Banking and Trust Bank (NYSE: BBT), several home loan packages are now available at higher interest rates, while some others are being advertised at the same interest rates on January 16, 2014. The benchmark 30 year fixed mortgage interest rates are still holding firm at the North Carolina based mortgage lender, but the short term loan packages are coming out at new lending rates today.

Starting with the standard, long term loan packages, the potential home buyers can find the 30 year fixed rate mortgage home loan deals being advertised at an interest cost of 3.875% and are carrying an annual percentage rate of 4.028% today. However, the short term, 15 year fixed rate mortgage schemes are available at an interest price of 4.500% and are accompanied by an APR yield of 4.989%.

In the exclusive lending division, the prospective borrowers can find the midterm 20 year fixed rate mortgage packages being traded at an interest rate of 3.375% and yielding an annual return of 4.038%. However, the shortest, 10 year fixed rate home loan plans are now up for grabs at an interest price of 3.875% and an annual percentage yield of 4.552% today.

When it comes to the refinancing lending options, the bank currently offers its popular 30 year fixed rate mortgage home loan packages at a lending rate of 4.000% and an APR yield of 4.122%. Alternatively, the short term, 15 year refinancing fixed rate mortgage can be acquired by the interested mortgage shoppers by paying a lending price of 4.500% and agreeing to an APR yield of 5.000%.

For the borrowers, who are not satisfied by the standard refinancing options offered by BB&T, the unique, 20 year, mid-term, refinancing fixed rate mortgage deals would be an ideal pick at an interest rate of 3.375% and an APR yield of 4.038%. The shortest, 10 year refinancing FRM home loans are now listed at an interest cost of 4.000% and an APR yield of 4.647% today.

Recently, Branch Banking and Trust Corp reported a rise of about 6.1% in its profit figures for the fourth quarter. The profit balance of the mortgage lender increased to $537 million, or quoted as $0.75 per share, in comparison to the profit figure of $506 million, or $0.71 per share, as recorded during the same period in the last year.

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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