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Today’s Mortgage Interest Rates at BB&T Remain Flat (January 7, 2014)

Today’s Mortgage Interest Rates at BB&T Remain Flat (January 7, 2014)

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Today’s Mortgage Interest Rates at BB&T Remain Flat (January 7, 2014)

Todays Mortgage Interest Rates at BBT Remain FlatAt the North Carolina based mortgage lender, Branch Banking and Trust (NYSE: BBT), the benchmark 30 year fixed mortgage interest rates haven’t changed a bit on January 7, 2014. In the new home purchase and the refinancing section, the ideal home loan options are still advertised at the same interest rates as yesterday.

According to the latest mortgage data issued by the mortgage lender today, the standard 30 year fixed rate mortgage home loans are coming out at an interest rate 4.125% and carry an annual percentage rate of 4.258%. However, the short term, 15 year fixed rate mortgage home loans are being traded at a rate of 4.500% and yield an annual return of 5.055% today.

In the exclusive lending zone, the interest borrowers can find the mid-term 20 year fixed rate mortgage loans are published at a lending rate 3.500% and are backed by an APR yield of 4.108% today. Alternatively, the shortest, 10 year fixed rate mortgage schemes are being traded at a lending cost of 4.125% and carry an APR yield of 4.785%.

When it comes to refinancing home loan options, the best 30 year fixed rate mortgage deals are published in the bank’s books against a lending charge of 4.125% and are coming out at an APR yield of 4.258% today. However, the short term, 15 year refinancing fixed rate mortgage home loan options are carrying an interest tag of 4.500% and are backed by an APR yield of 5.055% today.

For the borrowers who find the standard refinancing options a bit expensive, the bank offers 20 year mid-term refinancing fixed rate mortgage home loans at an interest rate of 3.500%, which are yielding an APR yield of 4.108% today. However, the shortest, 10 year refinancing fixed rate home loans are today advertised at an interest rate of 4.125% and are accompanied by an APR yield of 4.785%.

The mortgage interest rates published by the banks are normally affected by the fluctuations in the prices of mortgage backed financial securities, which generally trail the stock market movements on a normal trading day. As the stock market waned today and left the DJIA index hanging at 15337.70, BB&T followed the direction of Wall Street for publishing its mortgage rates. However, the share prices of BBT stock increased by +0.40 and touched a new mark 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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