TD Bank : Mortgage Home Loan Rates on December 3, 2013
The benchmark 30 year fixed mortgage rates at Toronto Dominion Bank (NYSE: TD) did not show any movement on December 3, 2013 as expected by the mortgage market experts. Today, home purchase and refinance deals did not bring about any pleasant or shocking surprise for the borrowers and remained quoted at mixed rates of interest as yesterday.
As per the mortgage information published by the lender, the standard 30 year fixed rate mortgage loans are still trading at an interest rate of 4.232% and come along with an annual percentage yield of 4.329%. As far as the 15 year fixed rate mortgage home loans are considered, the customers can have it while dealing with an interest cost of 3.826% and an APR yield of 3.996%.
The adjustable rate mortgage deals at TD Bank also did not show any movement today. The borrowers can still acquire the best 3 year ARM deals at an interest cost of 2.592% and an APR yield of 3ARMPA@. For the 5 year adjustable rate home loans, the borrowers have to deal with an interest burden of 3.104% and an APR of 5ARMPA@.
In the case of 7 year variable rate home loans, the customers will have to deal with an interest charge of 3.458% today and an APR yield of 7ARMPA@. For more flexibility, one can obtain 10 year adjustable rate mortgage options at an interest rate of 3.810% and an APR yield of 10ARMPA@.
Talking about the refinancing mortgage deals, TD bank today lists its standard 30 year refinancing fixed rate mortgage loans at an interest rate of 4.482% and an APR yield of 4.580%. However, the short term, 15 year fixed rate mortgage loans can be obtained by bearing an interest charge of 4.076% and an APR yield of 4.247%.
As far as 5 year refinancing adjustable rate mortgage loans goes, the customers would have to deal with an interest burden of 3.354% today and an APR yield of 5ARMRA@. However, the 7 year refinancing ARM deals can be procured at an interest rate of 3.708% and an APR yield of 7ARMRA@.
The mortgage interest rates are generally affected by the fluctuation in the price of mortgage backed securities, which generally follow the stock market movements. The market dropped by -113.35 by the end of the trading day and left the DJIA index at 15337.70. As expected, TD Bank followed this movement and published its rates accordingly. However, the stock prices of TD shares did respond well and rose by +0.54 to touch a new price point of 84.74.
Disclaimer: The advertised rates were submitted by each individual lender/broker on the date indicated. Rate/APR terms offered by advertisers may differ from those listed above based on the creditworthiness of the borrower and other differences between an individual loan and the loan criteria used for the quotes.