The benchmark 30 year loans are 3.750% at BB&T Corp. (NYSE:BBT) carrying an APR of 3.893%. Shorter term, popular 15 year FRM interest rates are published at 4.375% at the bank today with an APR of 4.899%.
10 year FRM interest rates at the bank have been published at 3.750% and an APR of 4.417%. 20 year FRMs have been quoted at 3.375% and APR of 3.949%.
Mortgage and refinance rates often change because of mortgage financial instruments that usually move with the stock market. Overall markets waned by close today leaving the DJIA at 15,337.70 up -0.73%.
Interest rates at BB&T did not move in the same direction as the DJIA performance today. Related to the market discussion, this particular bank’s stock strengthened to 35.72 up +1.13%.