30 year loan deals at TD Bank (NYSE:TD) can be had for 4.438% today and an APR of 4.551%. The lower FHA 30 year loan interest rates are on the books at 4.000% yielding an APR of 5.155%. The short term, popular 15 year FRM interest rates stand at 3.438% today with an APR of 3.632%.
The 3/1 ARMS have been listed at 2.562% showing an APR of 2.910%. As far as ARMs go, 5 year interest rates have been offered at 3.062% at TD Bank carrying an APR of 3.043% to start. 7 year ARM loans can be had for 3.312% currently carrying an APR of 3.181%. The 10/1 ARM loans start at 3.562% today showing an APR of 3.401%.
Today’s Refinance Rates
Standard 30 year refinance loans are published at 4.688% at TD Bank yielding an APR of 4.803% today. The shorter term 15 year refi loan deals have been quoted at 3.688% with an APR of 3.883%. ARM interest rates in the 5 year refi category at TD Bank are being quoted at 3.312%. yielding an APR of 3.131%. The 7 year refi Adjustable Rate Mortgages have been listed at 3.562% with a starting APR of 3.299%.
The bigger picture
The rates published for mortgages usually rise and fall with mortgages packaged into financial instruments that move with the stock market. Security markets lost ground by the end of trading today putting the DJAI at 15,337.70 a decrease of -113.35.
For today TD Bank were in synch with Wall Streets direction. More specifically, the banks stock price moved higher to 84.74 up +0.64%.