30 year FRMs at TD Bank (NYSE:TD) have been listed at 4.438% and an APR of 4.551%. The lower FHA 30 year loans are coming out at 4.000% with a rather higher APR of 5.155%. 15 year fixed rate mortgages are being quoted at 3.562% today carrying an APR of 3.756%.
The 3/1 Adjustable Rate Mortgage interest rates are available starting at 2.562% yielding an APR of 2.812%. As far as ARMs go, 5 year deals at TD are available starting at 3.062% with a starting APR of 2.961%. The 7 year Adjustable Rate Mortgages have been quoted at 3.438% currently with an APR of 3.172%. The 10 year ARMs are being quoted at 3.688% today with an APR of 3.431%.
Standard 30 year refinance fixed rate loans at TD start at 4.688% today with an APR of 4.803%. The shorter term 15 year refinance FRMs have been published at 3.812% at the bank today carrying an APR of 4.008%. 5 year refinance Adjustable Rate Mortgages are listed at 3.312% at TD. carrying an APR of 3.048%. 7/1 Adjustable Rate Mortgages are listed at 3.688% with a starting APR of 3.290%.
Mortgage rates you see usually change as a result of MBS’s (mortgage backed securities) prices that move in concert with the stock market. Security markets waned by the end of trading today to leave the DOW at 15,337.70.
Today the bank tracked with the stock market direction. Closer to home, the stock price of TD gained ground to 84.74 up +0.54.