After enjoy a steady run for the past couple of weeks, the popular US based mortgage lender, Branch Banking and Trust Corp (NYSE: BBT) chose to remain on the same track and made no changes to its benchmark 30 year fixed mortgage interest rates on April 25, 2014. The interested customers, who plan on stopping by the local branches of BB&T bank this Friday, will find the standard home purchase and refinancing home loans being traded at the same interest rates as yesterday.
In the exclusive home loan section, for the mortgage shoppers, who aren’t satisfied with the interest and return rates of 30 year deals, or are finding the 15 year home loans to be a bit expensive, the bank highlights its midterm, 20 year fixed rate mortgage home loan plans at an interest rate of 4.000% and an annual return of 4.621% at the end of this trading week. Alternatively, the shortest, 10 year fixed rate mortgage home loans can also be found listed in the bank’s books at an interest rate of 3.000% and an annual return rate of 3.741% today.
Heading towards the refinancing home loan section, the interested customers can spot the best 30 year fixed rate mortgage home loans being advertised at an interest rate of 3.750% and an annual return rate of 3.883% this Friday. On the contrary, the shorter, 15 year refinancing fixed rate mortgage home loan schemes are published against a lending rate of 4.375% and are backed by an APR yield of 4.898%.
For the home loan seekers, who interested in something different rather than the long term refinancing deals or the shorter, yet expensive, home refinancing plans, the bank offers its midterm, 20 year refinancing fixed rate home loan options at an interest rate of 3.375% and an APR yield of 3.967%. Alternatively, the shortest, 10 year refinancing fixed rate mortgage home loans can now be seen quoted at an interest rate of 3.750% and an APR yield of 4.406% today.