Bank robberies tend to affect the financial markets adversely and often leave a negative impression on the customers. A latest example to understand this fact can be the bank heist that took place at the Highland Avenue branch of TD Bank (NYSE: TD). The robbery made the benchmark 30 year fixed mortgage interest rates shoot up in comparison to the average rates of the last few days.
The standard 30 year fixed rate mortgages are being offered at a rate of 4.529%, along with an annual percentage rate of 4.626% on 11 November, 2013. The popular, short tenure, 15 year fixed rate mortgages are available for those who are willing to bear an interest rate of 3.678%. The short-term FRMs are accompanied by an APR yield of 3.844% to start with.
The mortgagors who are looking forward to acquire more flexible mortgage loans, the bank provides 3 year adjustable rate mortgages at a rate of 2.506% and an APR yield of [email protected] today. The 5/1 ARM options are also listed in the bank’s portfolio at a rate of 2.953% and yield an ARP of [email protected]
The more flexible 7 year plans are available for the interested borrowers and are quoted at a rate of 3.307%, along with an APR yield of [email protected] Lastly, the 10/1 Adjustable Rate Mortgages are listed at a rate of 3.658% and come with an APR yield of [email protected] at the start of the loan period.
The refinancing arena of TD Bank is also adorned by a number of impressive deals. The 30 year refinancing fixed rate mortgages are published in the bank’s books at a rate of 4.592% and an APR yield of 4.691%. The short-period, 15 year refinancing FRMs are now available at a rate of 3.740% and yield an annual percentage rate of 3.909%.
The ARM field is well ploughed by the 5 year adjustable rate mortgages, which are listed at an interest rate of 3.395% and an APR yield of [email protected] today. The 7/1 year ARMs options are also available for the interested mortgagors at a rate of 3.370%, accompanied by an APR yield of [email protected]
The rates have touched a high level in the light of a robbery that took place in the Highland Avenue branch of the TD Bank on Saturday. According to police, no weapon was displayed during the heist and no one was left injured. The police are still looking for the robber who took an undisclosed amount of cash and fled in a Green Honda Accord on Interstate 84.
Disclaimer: The advertised rates were submitted by each individual lender/broker on the date indicated. Rate/APR terms offered by advertisers may differ from those listed above based on the creditworthiness of the borrower and other differences between an individual loan and the loan criteria used for the quotes.
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