The BB&T Corp unveiled its interest rates on the standard 30-year fixed rate mortgage loans which have been quoted at 4.000% which yields a corresponding APR of 4.112%. The interest rates on this category of loans have witnessed a substantial rise since yesterday, increasing from 3.750% to 4.000%. In contrast to this, the much popular shorter term 15-year fixed rate mortgage deals are being made available at the bank today at an interest rate of 4.500% making the corresponding APR to be5.001%. The interest rates on this class of loans have also been found to increase from 4.375% to 4.500% today.
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The still shorter term 10-year fixed rate loans can be had at the bank today at an interest rate of 4.000% which carries a subsequent APR of 4.637%. On the other hand, the interest rates on the best 20-year fixed rate loans are on the books at 3.375% with a corresponding APR of 4.040%. While the interest rates on the 10-year fixed rate deals have been increased from 3.750% to 4.000% today, the interest rates on the 20-year FRM loans have been found to be constant at 3.375%.
Moving on, the interest rates on the 30-year refinance fixed rate mortgage loans have been presented to be 4.000% which capitulates a corresponding APR of 4.133%. Adding more on the information, the 15-year refinance fixed rate loans can be had for 4.500% yielding a corresponding APR of 5.012%. The interest rates on the 30-year and 15-year refinance fixed rate loans were quoted yesterday at 3.750% and 4.375% respectively. Therefore, while the interest rates on the 30-year refinance FRMs have increased, the rates on the 15-year refinance fixed rate loans have been found to rise from 4.375% to 4.500%.
The interest rates on the 10-year refinance FRM loans are coming out today at an interest rate of 4.000% at an APR of 4.659%. On the other hand, the 20-year refinance FRMs are available at 3.375% interest rate carrying an APR of 4.040%. The interest rates on the 10-year loans have been increased by the bank from 3.750% to 4.000%, while the rates on the 20-year loans are the same.
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.