After a week of unmoving rates, TD Bank has lowered interest rates on many popular home loan products. The benchmark 30-year fixed loan is quoted at a lower 4.000% today with an APR of 4.063%. A 30-year FHA loan is published at 3.750% with an APR of 4.846%. TD Bank quotes the popular 15-year fixed loan at 3.250% with an APR of 3.361%.
For buyers who want greater flexibility, Toronto Dominion Bank advertises a 1/1 ARM at 1.875% today with an APR of 2.859% to start. A 5/1 adjustable rate mortgage is quoted at 3.125% for the first five years with an APR of 3.021%. For longer-term stability, buyers can lock into a 7/1 ARM at the same 3.125% interest rate with a slightly higher APR of 3.049%. For longer-term predictability, a 10/1 ARM is published at 3.375% with an APR of 3.240%. A 15/1 ARM is quoted at 3.625% for the first 15 years with an APR of 3.534%.
TD Bank Refinance Rates
Refinance rates have also moved downward. TD Bank advertises the standard 30-year refinance loan at a lower interest rate of 4.063% today with an APR of 4.127%. A 15-year refinance loan is quoted at 3.313% with an APR of 3.424%. TD Bank allows homeowners to refinance a 30-year FHA loan at 3.750% today with an APR of 4.846%.
Homeowners can also refinance into an ARM. A 5/1 ARM refinance is quoted at 3.187% for the first five years with an APR of 3.042%. A 7/1 refinance ARM is quoted at 3.187% today for the first seven years with an APR of 3.078%. TD Bank quotes a 10/1 ARM refi loan at 3.187% for the first ten years with an APR of 3.278%.
TD Bank mortgage quotes assume a TD Bank relationship that applies a 0.125% rate discount.
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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