The mortgage shoppers who are interested in financing their new home purchase or refinancing their existing options through the attractive loan options available at TD Bank (NYSE: TD) will find no change in the lending rates on January 3, 2013. The benchmark 30 year fixed mortgage interest rates remained flat today, thereby making the home loan options more popular in the mortgage market.
According to the new mortgage sheets published by the bank today, the standard 30 year fixed rate mortgage home loans are now coming out at a rate of 4.812% and carry an annual percentage rate of 4.928%. On the other hand, the short term, 15 year fixed rate mortgage home loan deals are traded at a rate of 3.688% and yield an annual return of 3.883%. The customers can also find the FHA insured 30 year fixed rate mortgage home loans listed at a rate of 4.125% and yield a higher annual return of 5.285%.
When it comes to adjustable rate mortgage home loans, the best 3 year flexible home loan options are published in the bank’s books at a rate of 2.688% and come along with an annual percentage rate of 2.938% to start with. On the other hand, the 5 year adjustable rate mortgage home loans are coming out at a lending rate of 3.188% and yield an APR of 3.087%.
In the more flexible division, the customers can find 7 year adjustable rate mortgage home loans are coming out at an interest cost of 3.438% and are currently coming out at a rate of 3.240%. However, the 10 year adjustable rate mortgage options are being traded at a rate of 3.812% and come along with an APR yield of 3.558%.
When it comes to refinancing home loans, the standard 30 year fixed rate mortgage home loan deals are listed at a rate of 5.062% and yield an APR of 5.180%. Alternatively, the 15 year refinancing fixed rate mortgage loans are published in the portfolio against a lending charge of 3.938% and carry an APR yield of 4.134%.
As far as the adjustable rate mortgage refinancing options are considered, the 5 year refinancing deals are offered at a lending cost of 3.438% and are backed by an APR yield of 3.175%. The more flexible, 7 year, refinancing adjustable rate mortgage schemes are now quoted at a rate of 3.688% and are accompanied by an APR yield of 3.359% to start with.
The mortgage rates are often influenced by the changes in the prices of mortgage backed financial securities, which trail the movements of the stock market. As the stock market lost its ground and left the DJIA index stranded at 15337.70, TD Bank followed the movement to publish its mortgage rates. However, the stock prices of TD shares improved and closed at a higher price mark 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.