Daily Mortgage Rates: BB&T Fixed, VA and FHA Mortgage Interest Rates for March 13

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Daily Mortgage Rates: BB&T Fixed, VA and FHA Mortgage Interest Rates for March 13Mortgage interest rates dropped significantly on Thursday, as tensions intensified in Ukraine during the past few days. Many lenders adjusted their rate sheets accordingly, which now include lower interest rates. However, it’s not the case at North Carolina-based lender, Branch Banking and Trust (NYSE:BBT), as most of the home purchase and refinance rates remained intact since yesterday. Currently, the 30-year fixed conventional home loan is quoted at a rate of 4.375% at this lender. Switching to the 20-year FRM, this type of home mortgage is published at a rate of 4.125% at BB&T. Borrowers, who are intending to secure lower-term home loans, may be interested to learn that the 15-year fixed mortgage is up for grabs at a rate of 3.375% on Thursday. Others, who are opting for BB&T’s short-term 10-year home loan, can expect to pay 3.000% in interest.

Switching to the lender current non-conventional loan offerings, the federally backed 30-year FHA loan is available today at a rate of 3.875%, according to the latest interest rate quotes. Turning focus to the long-term, 30-year VA mortgage, it has a daily low at 3.875% at this bank. Further details on BB&T’s home purchase loans, as well as information on current refinance mortgage rates can be found below.

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

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 loan, may find some suitable loan solutions at this lender.

BB&T Home Purchase Rates

30-Year Fixed Mortgage: 4.375%, 0.625 discount points, 4.498% APR
20-Year Fixed Mortgage: 4.125%, no discount points, 4.219% APR
15-Year Fixed Mortgage: 3.375%, no discount points, 3.493% APR
10-Year Fixed Mortgage: 3.000%, 0.375 discount points, 3.250% APR
30-Year Fixed VA Mortgage: 3.875%, no discount points, 3.941% APR
30-Year Fixed FHA Mortgage: 3.875%, no discount points, 4.089% 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: 4.500%, 0.250 discount points, 4.591% APR
20-Year Fixed Mortgage: 4.125%, 0.625 discount points, 4.292% APR
15-Year Fixed Mortgage: 3.375%, 0.625 discount points, 3.585% APR
10-Year Fixed Mortgage: 3.250%, no discount points, 3.421% 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.

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