30 year FRMs can be had for 4.438% at TD Bank (NYSE:TD) today carrying an APR of 4.551%. The lower FHA 30 year mortgage loans have been published at 4.125% with a bit higher APR of 5.285%. Popular 15 year loan deals start at 3.438% carrying an APR of 3.632%.
3/1 ARM interest rates are listed at 2.562% today with an APR of 2.910%. 5/1 Adjustable Rate Mortgages at TD can be had for 3.062% with an APR of 3.043%. ARMs in the 7 year category have been listed at 3.312% showing an APR of 3.181%. The 10/1 ARMS are published at 3.562% with an APR of 3.401%.
Interest Rates for Refinance
30 year refinance FRMs at TD are on the books at 4.688% and an APR of 4.803% today. The shorter term 15 year refi loan deals at the bank have been offered at 3.688% and APR of 3.883%. 5 year refi Adjustable Rate Mortgages have been quoted at 3.312% at TD. and APR of 3.131%. 7/1 ARMs are coming out at 3.562% today with an APR of 3.299%.
Financial Market News
Loan rates are sometimes steered by mortgage backed security prices which partially track with the stock market. Securities fell by the end of trading to leave the DOW at 15,337.70 up -0.73%.
This time TD decided not to match the action in the market today. And now, this particular bank’s stock price gained ground to 84.74 up +0.54.