Current Mortgage Rates: BB&T Fixed, VA and FHA Mortgage Interest Rates for June 4

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Current Mortgage Rates: BB&T Fixed, VA and FHA Mortgage Interest Rates for June 4Winston-Salem, NC-based financial institution, Branch Banking and Trust (NYSE:BBT) updated its home purchase and refinance loan information for June 4, 2015. Details on BB&T’s mortgage interest rates and APRs are listed below. Branch Banking and Trust has been providing attractive 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 mortgage products at this financial institution.

BB&T Home Purchase Rates

30-Year Fixed Mortgage: 4.125%, no discount points, 4.193% APR
20-Year Fixed Mortgage: 3.875%, 0.500 discount points, 4.027% APR
15-Year Fixed Mortgage: 3.125%, 0.500 discount points, 3.316% APR
10-Year Fixed Mortgage: 3.125%, 0.125 discount points, 3.323% APR
30-Year Fixed VA Mortgage: 3.625%, 1.000 discount points, 3.772% APR
30-Year Fixed FHA Mortgage: 3.625%, 1.000 discount points, 3.921% 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%, 0.625 discount points, 4.246% APR
20-Year Fixed Mortgage: 4.000%, 0.500 discount points, 4.152% APR
15-Year Fixed Mortgage: 3.250%, 0.625 discount points, 3.460% APR
10-Year Fixed Mortgage: 3.250%, 0.125 discount points, 3.448% 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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Freddie Mac, which is based in McLean, VA, reported on Thursday, that the average rate on the 30-year fixed loan remained intact at 3.87%. In addition, the interest rate on the shorter-term 15-year fixed mortgage drifted lower to 3.08% during the week. Previously this type of mortgage loan was hovering at a rate of 3.11%, according to Freddie Mac.

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 take a look at the bank’s website.