TD Bank lowered its mortgage rates on November 28, 2013

TD Bank lowered its mortgage rates on November 28 2013After enjoying a high flight for the past couple of days, the best 30 year fixed mortgage interest rates seem to be easing down a bit at Toronto Dominion Bank (NYSE: TD) on November 28, 2013. The customers interested in financing their dream home can stop by the local branches of the bank and procure better deals from TD bank today.

In the long term financing category, the benchmark 30 year fixed rate mortgage deals can now be procured at an interest rate of 4.320% and carry an APR yield of 4.417%. For the mortgagors who want short term financing options, the bank provides 15 year fixed rate mortgage loans at an improved interest rate of 3.790% and are accompanied by an annual percentage yield of 3.959%.

If the borrowers are looking for flexible rate of interests, the 3 year adjustable rate mortgage options available at TD bank would be a perfect option at an interest rate of 2.584% and an APR yield of [email protected] On the other hand, the 5 year ARM deals can now be had at an interest cost of 3.070% and are backed by a starting APR yield of [email protected]

For the home buyers looking for more flexibility, the 7 year ARM loans can cater to the needs and can be had at an interest rate of 3.432% and come along with an APR yield of [email protected] The most flexible, 10 year adjustable rate mortgage loans carry an interest rate of 3.782% and are backed by an APR yield of [email protected] during the initial years of the loan.

The mortgage rates are normally affected by the loan driven financing instruments, whose prices usually fluctuate due to the stock market movements. By the end of the trading day, the stock market fell down a bit and closed while leaving the DJIA index wandering at 15337.70.

Today, the bank tracked the movement of stock market and published the mortgage rates accordingly. Irrespective of the interest rates, the stock prices of TD Bank’s shares rose up by +0.54 and closed at a price mark of 84.74.

Ever since the Jaffrey voters approved the $35000 at a Town Meeting in the month of March for helping find a new building for their town office, the town has been looking out for different options available to finance the office. Lately, they have knocked the door of TD Bank, which are situated right next to the town office, with the hope of collaborating.

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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About the author

Rob is a analyst and reporter covering stocks and business news.