The benchmark 30 year fixed rate loans at TD Bank (NYSE:TD) are being quoted at 4.312% today yielding an APR of 4.424%. The FHA version of the 30 year loans have been quoted at 4.125% and APR of 5.285%. The shorter term 15 year fixed rate loans are published at 3.438% today and an APR of 3.632%.
ARM loans in the 3 year category are being quoted at 2.562% currently with a starting APR of 2.910%. 5 year ARM interest rates have been quoted at 3.062% at TD with a starting APR of 3.043%. 7/1 ARMs are coming out at 3.312% currently with an APR of 3.181%. The 10/1 Adjustable Rate Mortgages are coming out at 3.562% with an APR of 3.401% to start.
From a market perspective
Published rates usually change as a result of mortgages packaged into financial instruments which usually move with the stock market. Stocks lowered by the end of trading today to leave the DJIA at 15,337.70 a decrease of -113.35.
Interest rates at the bank moved along with the days closing results. Specifically, this particular bank’s stock price moved ahead to 84.74 up +0.54.