Today’s mortgage rates at TD Bank on December 13, 2013
The mortgage interest rates at Toronto Dominion Bank (NYSE: TD) continue to rise for the third consecutive day this week. As the new information published on December 13, 2013, the bank publishes its new home purchase and refinancing loans at higher rates, thereby reducing its popularity in the eyes of the potential loan seekers.
First of all, looking at the current long term financing options, the popular 30 year fixed rate mortgage loans can be procured at a lending rate of 4.450% and an annual percentage return of 4.563% today. In case of the short term, 15 year counterpart of the 30 year FRM deals, the potential home buyers will be charged with an interest rate of 3.778% today and provided with an APR yield of 3.973% to start with.
The borrowers, who wish to lean towards the flexible home financing schemes, need to be ready to deal with a lending charge of 2.562% and accept an APR equivalent to 3ARMPA@ for procuring the 3 year adjustable rate mortgage loans. Alternatively, ARM deals under the 5 year loaning category, are up for grabs at a rate of 3.052% and carry an APR yield of 5ARMPA@.
Moving towards the more flexible adjustable rate mortgage loans, the bank offers 7 year deals against an interest charge of 3.396% and a starting APR yield of 7ARMPA@. The 10 year ARM plans, which have more flexibility in terms of interest rates, can be locked in at a rate of 3.754% today, along with a starting annual percentage return of 10ARMPA@.
The new mortgage and refinancing loan rates published by the banks fluctuate frequently because of the rise and fall in the price of mortgage backed financial instruments, which follow the stock market movements and change accordingly.
However, as the stock market experienced a downfall at the end of the trading day and left the DJIA index sitting at 15337.70, TD Bank did not follow the movement and published interest rates independent of the Wall Street Changes. Irrespective of the mortgage rates, the TD stock prices increased by +0.54 and closed at a new price point of 84.74 at the close of the trading day.
Today, TD Bank donated an amount of $30,000 through its TD Charitable Foundation to the Vermont Food bank for supporting the local network distribution program of the food bank. Last year, the Vermont Food bank managed to distribute about 8.2 million points of food to more than 270 meal sites, food shelves, youth facilities and senior centers all across the Vermont.
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.