TD Bank Quotes Higher Mortgage Interest Rates after Robber Strikes the Bridgeport Branch

TD Bank Quotes Higher Mortgage Interest RatesFor the past couple of days, the standard 30 year fixed rate mortgages at TD Bank (NYSE:TD) have been troubled with somewhat higher interest rates. However, today, the rates tasted a bit of improvement and were posted at somewhat lower figures in the books. The 30 year fixed rate mortgage loan options available with the bank have been quoted at an interest of 4.338% and carry on annual percentage rate (APR) of 4.434%. For the ones who are interested in the popular 15 year fixed rate mortgage deals, they would have to bear an interest charge of 3.651%, which carries an APR of 3.817% today.

When it comes to the most flexible financing options, nothing can outdo the popularity of adjustable rate mortgages (ARMs) available with the TD Banks. The 3/1 ARM loan deals have been listed at a rate 2.541% and an APR of [email protected] at the beginning of the policy. The 5 year adjustable plans are available at TD Bank at a rate of 3.001% and yield an annual percentage rate of [email protected] If the 10 year ARM loan deals are to be considered, the rates have experienced some improvement from the past day and are now quoted 3.661%, carrying an APR of [email protected]

Taking a trip to the refinance side of the loan department, TD bank is offering the best 30 year refinancing fixed rate mortgages at a rate of 4.463% for today, along with an APR of 4.561%. The 15 year refinancing fixed rate mortgages are also made available to the interested borrowers at 3.776% interest rates and an APR of 3.945%.

The mortgagors who are willing to get something more flexible can find 5 year refinance ARMs being provided by TD Bank at a rate of 3.126% and at a corresponding APR yield of [email protected] to begin with. The 7/1 deals are also listed in the bank’s portfolio of flexible adjustable mortgages at an interest rate of 3.447% and a total APR yield percentage of [email protected] at the beginning of the loan period.

Being driven by the stock market movements in the prices of the corresponding packages of mortgage securities and bonds traded in the financial markets, the mortgage interest rates are bound to fluctuate over the period of time. Today, the markets tumbled at the day’s end, thereby leaving the DJIA index at a reduced value of 15337.70.

As anticipated, the loan rates at TD Bank followed the lead of the market driven by DJIA movements. However, despite the Bridgeport branch being attacked by a robber, the TD stock prices experienced a speedy hike of +0.64% and reached a new mark of 84.74 by the day’s end. The police have released a sketch of the robber and have announced a reward of $2000 for the person who provides information that might help the police solve the last week’s robbery case.

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.