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Summary of Mortgage Rates at BB&T Bank on February 19, 2014

Summary of Mortgage Rates at BB&T Bank on February 19, 2014

Business

Summary of Mortgage Rates at BB&T Bank on February 19, 2014

In the current state of realty and mortgage market, where other mortgage loan providers are struggling hard and following every possible approach to offer the best interest rates to the customers, Branch Banking and Trust (NYSE: BBT) managed to pull some favorable strings and quote the same benchmark 30 year fixed mortgage home loan rates on February 19, 2014.

As of now, the standard, long term, fixed rate mortgage home loans are coming out at an interest rate of 3.750% and are backed by an annual percentage rate of 3.883%. For the seekers of less expensive, short term home financing deals, the bank is currently offering its best 15 year fixed rate mortgage home loan plans at an interest rate of 4.375% and an annual percentage yield equivalent to 4.909% today.

For the borrowers, who find 30 year options to be a bit expensive and aren’t satisfied with the return rates offered by the 15 year deals, the bank publishes its unique, midterm, 20 year fixed rate mortgage home loan plans at an interest cost of 3.375% and an APR yield of 3.949% today. When it comes to the shortest home loan packages, the 10 year fixed rate mortgage home loans are published in the bank’s loan books against a lending charge of 3.750% and an APR yield of 4.406% today.

When it comes to the refinancing mortgage options, the potential customers can find the popular 30 year fixed rate mortgage home loans coming out at an interest rate of 3.750% and being accompanied by an annual return rate of 3.893% today. For the borrowers, who are keen on acquiring the short term refinancing deals, the US based mortgage lender publishes its best 15 year fixed rate mortgage home loans against a lending charge of 4.375% and an APR yield of 4.920% today.

In the exclusive lending division, the bank is currently offering its ideal, midterm, 20 year refinancing fixed rate mortgage home loans at an interest price of 3.250% and an annual percentage rate of 3.915% today. On the other hand, the shortest, 10 year refinancing fixed rate mortgage packages can be locked in at an interest rate of 3.750% and an annual percentage rate of 4.417% this Wednesday.

The mortgage rates published by banks are normally affected by the change in prices of mortgage backed bonds and securities, traded in the financial markets, which are known to move along the stock markets on any normal trading day. As the stock market waned by the end of the trading day and left the DJIA index at 15337.70, BB&T moved along the same direction for publishing its mortgage home loan rates. However, the stock price of BBT shares rose up by +0.40 and closed at a new price mark of 35.72 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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