Current Mortgage Interest Rates: BB&T Fixed, VA and FHA Mortgage Rates Roundup for August 27

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Current Mortgage Interest Rates: BB&T Fixed, VA and FHA Mortgage Rates Roundup for August 27North Carolina-based lender, Branch Banking and Trust (NYSE:BBT) revised its home purchase and refinance loan information for Wednesday, August 27. Details on BB&T’s latest mortgage interest rates and APRs 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 loans at this bank.

BB&T Home Purchase Rates

30-Year Fixed Mortgage: 4.000%, 0.875 discount points, 4.140% APR
20-Year Fixed Mortgage: 3.750%, no discount points, 3.827% APR
15-Year Fixed Mortgage: 3.125%, 0.250 discount points, 3.278% APR
10-Year Fixed Mortgage: 3.000%, 0.250 discount points, 3.222% APR
30-Year Fixed VA Mortgage: 3.500%, 0.125 discount points, 3.574% APR
30-Year Fixed FHA Mortgage: 3.500%, 0.125 discount points, 3.719% 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: 4.125%, 0.250 discount points, 4.213% APR
20-Year Fixed Mortgage: 3.750%, 0.375 discount points, 3.885% APR
10-Year Fixed Mortgage: 3.125%, 0.125 discount points, 3.331% 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.

► Compare Today’s Mortgage Rates and Find The Best Loans

As far as average mortgage interest rates are concerned, government-sponsored mortgage-finance company, Freddie Mac reported last week that the average interest rate on the 30-year fixed mortgage slipped to 4.12%. The average interest rate ticked down on the 15-year FRM as well, as it’s now coming out at 3.24%, a 3 basis points improvement compared to data from a week earlier.

For more 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 see the financial institution’s website.