30 year loans at TD Bank (NYSE:TD) have been published at 4.438% with an APR of 4.551% today. The best 30 year FHA fixed rate mortgage interest rates are being quoted at 4.000% and an APR of 5.155%. Shorter term, popular 15 year fixed rate mortgages at the bank start at 3.438% and APR of 3.632%.
3/1 ARM loans have been quoted at 2.562% currently with an APR of 2.812%. 5/1 ARM loans are being quoted at 3.062% at TD with a starting APR of 2.961%. The 7/1 ARMS are published at 3.312% today with an APR of 3.113%. 10/1 ARM interest rates are being offered for 3.562% and APR of 3.352%.
Refinance Mortgage Loans
Standard 30 year refinance loan interest rates at TD are 4.688% with an APR of 4.803%. Shorter term 15 year refinance loan deals are on the books at 3.688% at the bank carrying an APR of 3.883% today. The 5 year refinance ARM interest rates at TD Bank can be had for 3.312%. yielding an APR of 3.048%. The 7/1 Adjustable Rate Mortgages have been offered at 3.562% today with a starting APR of 3.231%.
Market Impact on Mortgage Rates
All the mortgage rates published move up and down because of mortgage related bonds which partially track with the stock market. The stock market dropped today putting the DOW at 15,337.70.
Mortgages at TD were in synch with the DJIA performance. Specifically, TD’s own stock improved to 84.74 up +0.54.