The interest rate on the 30-year fixed home purchase mortgage inched higher this Thursday at Branch Banking and Trust (NYSE:BBT). The current rate is 3.625%, which is a tad higher than yesterday’s 3.500%. Other than that, we haven’t noticed much changes regarding BB&T’s home purchase rates. On the other hand, we have observed some movements in refinance mortgages. BB&T is now offering the 30-year fixed refinance loan at a slightly higher rate in the form of 3.875%. The interest rate on the 20-year FRM crept higher to 3.625%. Those looking to take on the 15-year fixed mortgage, will see a rate of 3.000%. The 10-year version of this fixed package is coming out at 2.875% as of Thursday. Current mortgage rates and loan options can be seen 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 loan, may find some suitable loan packages at this lender.
BB&T Home Purchase Rates
30-Year Fixed Mortgage: 3.625%, 0.125 discount points, 3.701% APR
20-Year Fixed Mortgage: 3.375%, 0.625 discount points, 3.538% APR
15-Year Fixed Mortgage: 2.750%, 0.375 discount points, 2.920% APR
10-Year Fixed Mortgage: 2.625%, 0.750 discount points, 2.952% APR
30-Year Fixed VA Mortgage: 3.125%, 3.000 discount points, 3.432% APR
30-Year Fixed FHA Mortgage: 3.125%, 3.000 discount points, 3.581% 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%, 0.125 discount points, 3.952% APR
20-Year Fixed Mortgage: 3.625%, 0.250 discount points, 3.746% APR
15-Year Fixed Mortgage: 3.000%, 0.125 discount points, 3.135% APR
10-Year Fixed Mortgage: 2.875%, 0.250 discount points, 3.098% 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 the latest mortgage rates at BB&T Bank, borrowing terms and conditions, as well as additional loan options, please head over to the lender’s website.
