In the present day volatile housing market, where several banks and financial credit institutions are following every move in the standard rule book to maintain a steadiness in terms of lending rates, Branch Banking and Trust Corp (NYSE: BBT) published same benchmark 30 year fixed mortgage interest rates on March 26, 2014. The eligible mortgage borrowers can find the ideal home loan deals being traded at the interest rates today, without causing much change in the demand of loan products in the market.
In the standard, long term, home financing section, the North Carolina based mortgage provider has published the 30 year fixed rate mortgage home loans at an interest rate of 3.875% and an annual percentage rate of 4.008% today. On the other hand, the short term, 15 year counterparts of the 30 year fixed rate mortgage loans are now being advertised at an interest rate of 4.500% and are backed by an APR yield of 4.991% today.
In the exclusive lending division, the bank is currently offering the midterm, 20 year fixed rate mortgage home loan deals, for the borrowers who find 30 years to be quite a long duration for home loans and are finding the 15 year deals to be relatively more expensive, at a lending rate of 3.375% and an annual return rate of 4.022% on the during the starting years of the loan period. However, the shortest, 10 year fixed rate mortgage home loans can be found listed against an interest rate of 3.875% and an APR yield of 4.532% today.
Shifting interests towards the refinancing home loan section, the interested borrowers can find the popular 30 year fixed rate mortgage loan packages being published at an interest rate of 3.875% in the bank’s books, along with an annual percentage yield of 4.008%. However, the relatively shorter, 15 year refinancing fixed rate mortgage home loan plans are now up for grabs at a lending price of 4.500% and an APR yield of 4.991% this Wednesday.
For the mortgage shoppers, who aren’t really happy with the standard refinancing offerings of BB&T bank, the unique, midterm, 20 year refinancing fixed rate home loans would be an ideal pick at an interest rate of 3.375% and an APR yield of 4.022% today. Alternatively, the shortest, 10 year refinancing fixed rate mortgage home loans can be acquired at an interest cost of 3.875% and an APR yield of 4.532%.
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.