30 year loan interest rates have been listed at 3.500% at BB&T Corp. (NYSE:BBT) yielding an APR of 3.971%. 15 year loan interest rates are 2.750% at the bank today yielding an APR of 3.296%.
The best 20 year fixed rate loans are published at 2.500% today carrying an APR of 3.203%.
What are the refinance mortgage rates?
The best 30 year refinance fixed rate loans are 3.625% at BB&T yielding an APR of 4.118%. The short term 15 year refinance fixed rate loans at the bank are 2.875% yielding an APR of 3.476%. 10 year refinance fixed rate loans stand at 2.750% today yielding an APR of 3.428%. The best 20 year refinance loans are published at 3.375% today carrying an APR of 3.942%.
Stock and Mortgage Performance
Rates for mortgage loans are usually pressured by mortgage related bond prices which move in concert with the stock market. Markets dropped by market close today with the DJIA at 17674.14.
For today BB&T didn’t keep with the Wall Street direction. More specifically, BB&T’s stock price gained ground to 35.74 up +0.52%.
The benchmark 30 year loan deals at HSBC Bank (NYSE:HBC) are listed at 3.59% and APR of 3.673% today. The shorter term 15 year loans are being quoted at 2.93% at the bank with an APR of 3.073%.
In the ARM arena, 5 year interest rates at HSBC can be had for 2.79% carrying an APR of 3.331%. The 7 year Adjustable Rate Mortgages are on the books at 3.04% currently and APR of 3.367%. The 10/1 ARM interest rates are being quoted at 3.25% today showing an APR of 3.428%.
Related Financial News
Quotations of mortgage rates often move with MBS’s (mortgage backed securities) prices which partially track with the stock market. Stock markets declined in trading today leaving the DJIA at 17674.14 a decrease of -58.96.
Not surprisingly HSBC blindly followed the securities markets. Closer to home, HSBC’s own stock ticker moved ahead to 1.59 up +0.02.