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Summary of Mortgage Interest Rates at BB&T on April 24, 2014

Summary of Mortgage Interest Rates at BB&T on April 24, 2014

Business

Summary of Mortgage Interest Rates at BB&T on April 24, 2014

Summary of Mortgage Interest Rates at BB&T on April 24, 2014Following the trail of several other mortgage providers, Branch Banking and Trust Corp (NYSE: BBT) decided to keep its benchmark 30 year fixed mortgage interest rates unchanged on April 24, 2014. This Thursday, the eligible borrowers won’t have to face any unpleasant surprises when it comes to securing standard home purchase or refinancing home loans, which are still being traded at the same interest rates as yesterday.

As per the recent mortgage information released by the US based mortgage lender, the standard, long term, 30 year fixed rate mortgage home loan deals are still being traded at an interest rate of 4.375% and are backed by an annual percentage rate of 4.888% today. In the short term home loan section, the potential home buyers can spot the shorter, 15 year counterparts of the 30 year fixed rate mortgage loan options coming out at an interest rate of 3.375% and backed by an APR yield of 3.986%.

As compared to the yesterday’s mortgage interest rates, the exclusive home loan options also didn’t register any change in lending rates today. As of now, the unique, midterm, 20 year fixed rate mortgage home loan packages are coming out at an interest rate of 4.000% and are backed by an annual percentage yield of 4.621% this Thursday. On the other hand, the shortest, 10 year fixed rate mortgage home loan schemes are now tagged with a lending price of 3.000% and an APR yield of 3.715%.

When it comes to refinancing mortgage deals, the interested borrowers can find the popular 30 year fixed rate mortgage loans being published in the bank’s books against an interest rate of 3.750% and an annual percentage rate of 3.883% today. However, the relatively shorter, 15 year refinancing fixed rate mortgage home loans are now up for grabs at an interest rate of 4.375% and an annual return rate of 4.898%.

In the exclusive lending zone, the mortgage shoppers, who aren’t happy with the 30 year deals and do not find the 15 year deals enough convincing, can opt for the 20 year, midterm, refinancing fixed rate mortgage home loans, which are now coming out at an interest rate of 3.375% and are accompanied by an APR yield of 3.967%. Alternatively, the shortest, 10 year refinancing fixed rate mortgage home loan schemes can now be locked in at an interest rate of 3.750% and an annual return rate of 4.406% this Thursday.

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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