Curent Mortgage Interest Rates: BB&T Fixed, VA and FHA Home Loan Rates for March 16

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Curent Mortgage Interest Rates: BB&T Fixed, VA and FHA Home Loan Rates for March 16Borrowers, who take a visit to North Carolina-headquartered loan provider, Branch Banking and Trust (NYSE:BBT), will see some lower mortgage interest rates this weekend. Back on Friday, the starting rate on the 30-year home purchase loan was lowered to 4.250% from the previous 4.375%. The 20-year FRM bears a lower interest rate as well, in the form of 4.000%. Moving down on the scale, borrowers who prefer to take on the 15-year conventional home loan, can expect to pay 3.250% in interest. Compared to Thursday’s rate level, this is an improvement of 0.125%. Among conventional home mortgages, the short-term 10-year loan package is offered at a rate of 2.875%, according to BB&T’s most up-to-date rate information.

As far as non-conventional loans are concerned, we also observed some drops in interest rates at this lender. For instance, the 30-year FHA-backed loan is now published at a rate of 3.625%, a downtick compared to the former 3.875% that it held before. The 30-year VA loan package has a more attractive interest rate as well, as it dipped to 3.625% on Friday. Further details on BB&T’s latest home purchase rates, as well as information on current refinance rates can be found below.

Branch Banking and Trust has been offering excellent mortgage rates under both its home purchase and refinance programs, so those who are looking to invest either in a new / used home or to refinance an existing mortgage, may find some ideal mortgage deals at this bank.

BB&T Home Purchase Rates

30-Year Fixed Mortgage: 4.250%, 0.375 discount points, 4.350% APR
20-Year Fixed Mortgage: 4.000%, no discount points, 4.094% APR
15-Year Fixed Mortgage: 3.250%, 0.375 discount points, 3.423% APR
10-Year Fixed Mortgage: 2.875%, 0.500 discount points, 3.151% APR
30-Year Fixed VA Mortgage: 3.625%, 1.750 discount points, 3.835% APR
30-Year Fixed FHA Mortgage: 3.625%, 1.750 discount points, 3.985% APR

The rate information provided assumes the purpose of the mortgage loan is to purchase a property, an existing single family home to be used as a primary residence with a loan amount of $200,000 and an estimated property value of $250,000. The property is located in Washington, DC. The interest rate reflects a 60 day rate lock period. The actual mortgage interest rate will depend on a number of factors including but not limited to loan type, credit profile, property type, appraised value, occupancy and loan size.

BB&T Refinance Rates

30-Year Fixed Mortgage: 4.375%, 0.375 discount points, 4.476% APR
20-Year Fixed Mortgage: 4.000%, 0.625 discount points, 4.167% APR
15-Year Fixed Mortgage: 3.375%, 0.125 discount points, 3.511% APR
10-Year Fixed Mortgage: 3.000%, 0.500 discount points, 3.276% APR

The rate information provided assumes the purpose of the mortgage loan is to refinance an existing mortgage with a loan amount of $200,000 and an estimated property value of $250,000. The property is located in Washington, DC. The interest rate reflects a 60 day rate lock period. The actual mortgage interest rate will depend on a number of factors including but not limited to loan type, credit profile, property type, appraised value, occupancy and loan size.

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Please, note that the current mortgage interest rates may vary without prior notice from the lender and are subject to change based on location, geography and other terms and conditions. The annual percentage rates (APR) were made based on discount points, origination fees, average loan fees and closing costs.

For more information on current mortgage rates at BB&T Bank, borrowing terms and conditions, as well as further mortgage packages, please check the lender’s website.