Today’s Mortgage Rates: BB&T Fixed, VA and FHA Mortgage Interest Rates for May 27

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Today’s Mortgage Rates: BB&T Fixed, VA and FHA Mortgage Interest Rates for May 27North Carolina-based lender, Branch Banking and Trust (NYSE:BBT) updated its mortgage loan information for Wednesday, May 27. Detailed information on BB&T’s mortgage interest rates and APRs can be found below. Branch Banking and Trust has been offering 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 loan, may find some ideal loan options at this lender.

BB&T Home Purchase Rates

30-Year Fixed Mortgage: 4.000%, no discount points, 4.067% APR
20-Year Fixed Mortgage: 3.750%, no discount points, 3.843% APR
15-Year Fixed Mortgage: 3.125%, 0.250 discount points, 3.279% APR
10-Year Fixed Mortgage: 3.000%, 0.375 discount points, 3.250% APR
30-Year Fixed VA Mortgage: 3.625%, no discount points, 3.689% APR
30-Year Fixed FHA Mortgage: 3.625%, no discount points, 3.836% 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: 4.000%, 0.500 discount points, 4.109% APR
20-Year Fixed Mortgage: 3.875%, 0.125 discount points, 3.982% APR
15-Year Fixed Mortgage: 3.250%, 0.250 discount points, 3.404% APR
10-Year Fixed Mortgage: 3.125%, 0.500 discount points, 3.402% 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, said last week, that the average rate on the 30-year fixed loan improved to 3.84% from the former 3.85%. On the other hand, the interest rate on the shorter-term 15-year fixed mortgage declined to 3.05% during the past week. A week earlier this type of mortgage loan averaged a rate of 3.07%, according to the organization.

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.