Rates have moved down for many popular loan products at Toronto Dominion Bank on Monday, October 27. TD Bank advertises the benchmark 30-year fixed-rate loan today at a lower 3.875% with an APR of 3.938%. The 15-year fixed mortgage is quoted at 3.125% with an APR of 3.235%. Buyers can lock into a 30-year FHA loan at 3.750% today with an APR of 4.846%.
The best mortgage rate advertised today is for a 1/1 ARM, with an interest rate of 1.875% for the first twelve months and a corresponding APR of 2.743%. The more popular 5/1 adjustable rate mortgage is quoted at 3.000% today for the first five years with a starting APR of 2.895%, while the 7/1 ARM is advertised at 3.500% for the first seven years and a corresponding APR of 3.039%. For more predictability, buyers can lock into a 10/1 ARM at 3.375% today with a starting APR of 3.190%.
Refinance Rates at TD Bank
Refinance rates remain largely flat today. TD Bank offers the standard 30-year refinance loan at 3.813% today with an APR of 3.876%. Homeowners can refinance an FHA loan at 3.750% with a 4.846% APR. The 15-year refi loan is quoted at a lower 3.063% with an APR of 3.173%.
Homeowners who want more flexibility can lock into a 5/1 refi ARM today at 2.937%, lower than the purchase rate, with a starting APR of 2.873%. A 7/1 refinance ARM is offered at 3.187% for the first seven years with an APR of 3.010% to start. For greater predictability, a 10/1 adjustable rate refinance is advertised at 3.313% with a starting APR of 3.152%.
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.