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Mortgage Interest Rates Show No Movement at BB&T on December 19, 2013

Mortgage Interest Rates Show No Movement at BB&T on December 19, 2013

Business

Mortgage Interest Rates Show No Movement at BB&T on December 19, 2013

Mortgage Interest Rates Show No Movement at BBT on December 19 2013In the second half of the week, Branch Banking and Trust (NYSE: BBT) presented the potential home buyers with no absolute surprise by choosing to keep the benchmark 30 year fixed mortgage interest rates unchanged on December 19, 2013. The customers reaching out BB&T’s customer desk for seeking help with financing their home purchase this Thursday will be more than pleased to find no change in the mortgage rates since yesterday.

Today, the standard 30 year fixed rate mortgage loans can be acquired at an interest rate of 4.000% and an annual percentage rate of 4.122% according to the latest mortgage information released by the Winston Salem based lender. In the short term category, the best 15 year fixed rate mortgage loans can be found listed at a rate of 4.500% and an APR yield of 5.012% today.

In the unique lending division, the mid-term, 20 year fixed rate mortgage loans are quoted at the same lending rate of 3.500% and come along with an APR yield of 4.072%. However, the borrowers interested in going with the shortest, 10 year fixed rate mortgage home loans, will have to deal with an interest burden of 4.000% and agree to an APR income of 4.648%.

When it comes to the refinancing loan options, BB&T provides 30 year fixed rate mortgage deals against a lending charge of 4.000% and an annual return of 4.122% today. For those who are looking for a shorter route for their refinancing needs, the bank offers its best 15 year fixed rate mortgage home loan schemes at a rate of 4.500% and an APR yield of 5.012%.

As far as the exclusive lending category is concerned, it also covers the mid-term, 20 year refinancing fixed rate mortgage loan packages, which are now traded at an interest rate of 3.500% and an APR yield of 4.072%. The refinancing options with shortest period, the 10 year refinancing fixed rate home loan plans, are now offered against an interest cost of 4.000% and an APR yield of 4.648%.

Since all mortgage interest rates are affected by the fluctuations in the rates of mortgage backed securities, which follow the stock market movements, BB&T changed its mortgage interest rates as the stock market plummeted by the end of the trading day by -113.35. However, ditching the DJIA index, the BBT stock prices recorded an improvement of +1.13% 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.

About Stephany Wilson

Stephany Wilson covers business and finance related news.

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