Current Mortgage Interest Rates: BB&T Fixed, VA and FHA Mortgage Rates for February 25

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BB&T Mortgage RatesAmerican lender, Branch Banking and Trust (NYSE:BBT) updated its mortgage information for February 25, 2015, which is discussed below. BB&T has been advertising excellent interest rates under both its home purchase and refinance loan programs, so those who are looking to invest either in a new / used home or to refinance an existing mortgage, may find some suitable loan solutions at this lender.

BB&T Home Purchase Rates

30-Year Fixed Mortgage: 3.875%, 0.125 discount points, 3.942% APR
20-Year Fixed Mortgage: 3.625%, 0.500 discount points, 3.775% APR
15-Year Fixed Mortgage: 3.000%, 0.250 discount points, 3.154% APR
10-Year Fixed Mortgage: 2.875%, 0.375 discount points, 3.125% APR
30-Year Fixed VA Mortgage: 3.375%, 0.375 discount points, 3.469% APR
30-Year Fixed FHA Mortgage: 3.375%, 0.375 discount points, 3.615% 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: 3.875%, 0.625 discount points, 3.995% APR
20-Year Fixed Mortgage: 3.750%, 0.375 discount points, 3.887% APR
15-Year Fixed Mortgage: 3.125%, 0.250 discount points, 3.279% APR
10-Year Fixed Mortgage: 3.125%, no discount points, 3.297% 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.

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.

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Government-sponsored housing firm, Freddie Mac announced last week, that the average rate on the 30-year fixed loan increased to 3.76% from the previous 3.69%. On the other hand, the average rate on the shorter-term 15-year fixed loan edged up to 3.05% last week. A week earlier this type of mortgage loan was hovering at a rate of 2.99%, according to the firm.

For further details on the latest home purchase and refinance mortgage interest rates at BB&T, as well as information on borrowing terms and conditions and loan assumptions, please take a visit to the lender’s website.