Today, BB&T quoted its best 30 year fixed rate mortgage loans at an interest rate of 3.750% and yield an annual percentage rate of 3.861%. For the borrowers who aren’t ready for longer distance travel, the bank provides relatively shorter, 15 year fixed rate mortgage loan options at an interest of 4.250% and carry an APR yield of 4.782%.
The bank is particularly known for its out-of-the-box home financing options. As of now, the basic 10 year fixed rate mortgage loans included in the bank’s books are given away at an interest rate of 3.750% and are accompanied by an APR yield of 4.383%. However, the somewhat longer, 20 year fixed rate mortgages can be obtained at a rate of 3.250% and an annual percentage yield of 3.858%.
When it comes to the refinancing mortgage loans, BB&T maintains a higher stand in the market with its comprehensive portfolio. The 30 year, refinancing fixed rate mortgage options are quoted at a rate of 3.750% and come along with an APR yield of 3.861%. In the short term category, the lender provides best 15 refinancing year mortgage loans at a rate of 4.250%, along with an APR yield of 4.782%.
In the additional pages of the portfolio, the bank includes its unique, 20 year, refinancing fixed mortgage loans at an interest rate of 3.250%, yielding an APR of 3.858%. The bank also provides the best 10 year refinancing fixed rate mortgages for those who are willing to bear an interest charge of 3.750% and an APR yield of 4.383%.
Being based on a number of assumptions and market factors, the mortgage rates are subject to change without any prior notice from the bank. All the mortgage rates are commonly affected by the price of the mortgage backed bonds and securities that bank trades in the financial markets, which often follow the movements of the stock market.
As expected the Wall Street lowered by the end of the day and closed at a lower DJIA index point of 15337.70, which was followed by BB&T immediately in the market. Regardless of this, the price of BBT stocks shows a positive response and rose up to a new mark of 35.72 on Monday.
Disclaimer: The rates quoted above are basically the average advertised by a particular lending company. No guarantee of taken from the lender’ aspect whether the borrower will qualify for the mortgage rates mentioned in the article. The lenders dole out interest depending upon various facets, some of which may be unique to the borrower. This website does not engage in the sale or promotion of financial products and makes no claims as to the accuracy of the quotation of interest rates.