Today’s Updated Mortgage Rates by TD Bank – 22nd of July
Last week, First National Financial Corporation announced that they are now the first National to provide mortgage underwriting processing and fulfillment services to TD Bank for all mortgages originated through the residential mortgage broker channels and originated by TD bank.
Conventional Fixed Rate Mortgage Loans
Rates published today for Conventional 30 Year Fixed Rate Mortgage Loan remained same as of 21st July on Tuesday, 22nd July while interest rate offered by TD bank for 15 Year Fixed Rate loan changed from 3.438% to 3.562% while the APR rate increased to 3.679% from the yesterday’s rate of 3.555%. More details about the today’s published rates are as follows:
Fixed Rate Mortgage Loans : TD Bank 22nd July
30 Year Fixed Rate 4.312% Interest Rate 4.380% APR
15 Year Fixed Rate 3.562% Interest Rate 3.679% APR
While 30 Years Fixed Rate Mortgage Loans are convenient to repay and fits under any budget, 15 Year fixed rate mortgage loans allow borrowers to repay and clear loan much quicker.
Jumbo Fixed Rate Mortgage Loans
For their second most popular Mortgage category, the bank published following interest and APR rates.
Fixed Rate Jumbo Mortgage Loans : TD Bank 22nd July
30 Year Jumbo Fixed Rate : 4.188% Interest Rate 4.209% APR
15 Year Jumbo Fixed Rate : 3.688% Interest Rate 3.725% APR
Jumbo Mortgage Loans are offered for only amounts that exceeds $417,000 with a Loan to value (LTV) limits of up to 80% by TD Bank.
ARM Loan Rates:
Other than conventional fixed rate loans and jumbo loans for home mortgage, bank also issued new rates for Adjustable Mortgage Loans. For 3/1 ARM, the bank quotes an interest rate of 2.875% with an APR of 2.884%. For 5 Year ARM Loans, the bank offered an interest rate of 3.250% with an Annual Payment Rate (APR) of 3.031%. For their third product under the ARM arena, 7/1 Year ARM Loans, the bank offers an interest rate of 3.375% with an APR rate of 3.147%. For their last ARM product, the 10/1 Year ARM Loan, bank offers an interest rate of 3.500% with a starting APR of 3.317%.
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.