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Mortgage Interest Rates Show No Change at BB&T on March 27, 2014

Mortgage Interest Rates Show No Change at BB&T on March 27, 2014

Business

Mortgage Interest Rates Show No Change at BB&T on March 27, 2014

This Thursday, the benchmark 30 year fixed mortgage interest rates are holding firm at the US based mortgage lender, Branch Banking and Trust Corp (NYSE: BBT). As per the latest mortgage information released by the bank on March 27, 2014, the eligible borrowers will find no change in the home purchase and refinancing home loan deals coming out of the bank today.

To begin with, in the standard, long term home loan section, BB&T is currently offering its best 30 year fixed rate mortgage home loan deals at an interest rate of 3.875% and an annual percentage rate of 4.008% today. On the other hand, the borrowers who are yearning to walk down the shorter route for financing their home purchase, can opt for the short term, 15 year fixed rate mortgage home loan plans, which are now being traded at an interest rate of 4.500% and an annual percentage return of 4.991% today.

In the exclusive lending division, for the mortgage shoppers, who are not attracted towards the standard home deals and are looking for unique financing options, bank is currently offering the midterm, 20 year fixed rate mortgage home loan deals at an interest rate of 3.375% and an annual return rate of 4.022% this Thursday. Alternatively, the shortest, 10 year fixed rate mortgage home loan packages are being advertised at a lending rate of 3.875% and an annual percentage yield of 4.532% today.

The overall picture remained the same in the refinancing home loan section as well, where the popular, 30 year fixed rate mortgage home loans continue to be listed against a lending charge equivalent to 3.750% and are accompanied by an APR yield of 3.893% today. However, the short term, 15 year counterparts of the 30 year fixed rate mortgage home loans can now be locked in at an interest rate of 4.375% and an annual percentage rate of 4.909% today.

For the interested borrowers, who are not satisfied by the standard, long term refinancing deals and find the short term refinancing options to be a bit expensive, the US based lender offers ideal mortgage deals in its exclusive lending section. As of now, the midterm, 20 year refinancing fixed rate mortgage loans are published in the bank’s loan books against an interest price of 3.375% and an APR yield of 3.985%. However, the shortest, 10 year refinancing fixed rate mortgage home loan plans can be secured by bearing an interest cost of 3.750% and agreeing to an annual return rate of 4.416% today. 

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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