The benchmark 30 year loan interest rates are on the books at 4.438% at TD Bank (NYSE:TD) with an APR of 4.551%. 30 year FHA fixed rate mortgage interest rates have been published at 4.125% and an APR of 5.285%. The short term 15 year FRM interest rates have been quoted at 3.438% at the bank yielding an APR of 3.632% today.
3 year ARMs are coming out at 2.562% with an APR of 2.910% to start. 5/1 ARM interest rates are being quoted at 3.062% at TD with an APR of 3.043%. The 7/1 Adjustable Rate Mortgages have been quoted at 3.312% today carrying an APR of 3.181%. The 10/1 Adjustable Rate Mortgages are being offered for 3.562% currently with an APR of 3.401%.
How about refinance mortgage rates?
Standard 30 year refinance loans are coming out at 4.688% at TD today carrying an APR of 4.803%. 15 year refi loans at the bank are on the books at 3.688% and APR of 3.883% today. The 5/1 ARM deals at TD Bank can be had for 3.312%. with a starting APR of 3.131%. 7/1 ARM loans have been published at 3.562% currently with an APR of 3.299%.
Rates you see move up and down usually because of mortgages traded by banks in financial markets which partially track with the stock market. The stock market weakend by close of day today with the DJIA at 15,337.70 up -0.73%.
For today the bank failed to follow the days DJIA results today. Also in the market, TD’s own stock price strengthened to 84.74 up +0.54.