TD Bank (NYSE: TD) continues to publish the same benchmark 30 year fixed mortgage interest rates. It seems that the present day events aren’t strong enough to affect the overall rates at which banks give away mortgage loans or the banks have started implementing some counter measures to control the regular fluctuation of rates.
The standard 30 year fixed rate mortgage loans available at TD Bank are listed at a rate of 4.683% and carry an annual percentage rate of 4.781% on 13 November, 2013. On the other hand, 15 year fixed rate mortgages, the financing options with shorter period, are now quoted at a rate of 3.793% and are accompanied by an APR yield of 3.959%.
In the adjustable rate mortgage wing, the bank offers 3/1 ARM plans at a rate of 2.552% at present, along with an APR yield of [email protected] The 5 year adjustable rate mortgages are listed at a rate of 3.061% and carry an APR yield of [email protected]
For those looking for more flexible financing options, the bank offers 7 year adjustable rate mortgages at an interest charge of 3.411%, which yield an APR of [email protected] The most flexible, 10/1 ARM loan options are now listed at a rate of 3.755% and come along with an APR yield of [email protected]
When it comes to the refinancing loan options, TD Bank quotes its best 30 year refinancing fixed rate mortgages at an interest rate of 4.746%, along with an APR yield of 4.846%. The shorter, 15 year refinancing FRMs are now published at a rate of 3.856% in the bank’s books and carry an APR yield of 4.026% today.
The 5 year refinancing adjustable rate mortgage plans are also provided by the lender and are today listed at a rate equivalent to the 10 year adjustable rate mortgage schemes and an APR yield of [email protected] to begin with. The more flexible, 7/1 ARM loans can be acquired by bearing an interest charge of 3.474%, along with enjoying an APR yield of [email protected]
The mortgage rates are often subject to fluctuations depending upon the price of the mortgage bonds and securities traded by the bank in financial markets, which goes up and down with the stock market emotions.
Today, the financial market plummeted to lower levels and closed with a fall of -113.35, leaving the DJIA index stuck at 15337.70. As expected, the TD bank mortgage rates followed the same pattern at the end of the day. However, unaffected by the mortgage rates, the stock prices seem to improve by +0.54 and touched new level of 84.74 today.
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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