The majority of mortgage loans at Branch Banking and Trust (NYSE:BBT) have retained their levels from one day earlier, according to the latest mortgage data. On Wednesday, the 30-year home loan is carrying 4.125% in interest, the same interest rate it’s been holding since the begining of the week. Borrowers, who are interested in obtaining the mid-term, 20-year fixed home loan from this lender, will see it being advertised at a rate of 3.875% this mid-week. Moving down on the scale, the BB&T’s 15-year fixed conventional home mortgage is listed at a rate of 3.250%, which is a tad higher rate compared to yesterday’s level (3.125%). A short-term alternative, the 10-year fixed home mortgage is on the books at 3.000%, according to our observations.
BB&T’s additional home loans options include several government-insured non-conventional mortgages. The long-term, FHA-backed 30-year fixed non-conventional loan has a lending rate of 3.625% on Wednesday, the latest updated mortgage information showed. The 30-year VA home loan can be secured at a rate of 3.625%, a competitive rate for this type of mortgage. More information on the lender’s home purchase mortgage rates, as well as details on current refinance rates 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 loan, may find some ideal mortgage packages at this financial institution.
BB&T Home Purchase Rates
30-Year Fixed Mortgage: 4.125%, 0.250 discount points, 4.214% APR
20-Year Fixed Mortgage: 3.875%, 0.125 discount points, 3.982% APR
15-Year Fixed Mortgage: 3.250%, no discount points, 3.367% APR
10-Year Fixed Mortgage: 3.000%, 0.500 discount points, 3.276% APR
30-Year Fixed VA Mortgage: 3.625%, 0.375 discount points, 3.720% APR
30-Year Fixed FHA Mortgage: 3.625%, 0.375 discount points, 3.867% 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: 4.250%, no discount points, 4.318% APR
20-Year Fixed Mortgage: 4.000%, 0.125 discount points, 4.108% APR
15-Year Fixed Mortgage: 3.375%, 0.125 discount points, 3.511% APR
10-Year Fixed Mortgage: 3.250%, 0.125 discount points, 3.447% 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.
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 stayed put at 4.13%. The average interest rate worsened on the 15-year FRM last week, as it’s now coming out at 3.26%, a 3 basis points uptick compared to data from a week earlier.
For further information on current mortgage rates at BB&T Bank, borrowing terms and conditions, as well as other mortgage loan options, please take a look at the lender’s website.