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Mortgage Rates Move Higher at TD Bank for Tuesday, October 21

Mortgage Rates Move Higher at TD Bank for Tuesday, October 21

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Mortgage Rates Move Higher at TD Bank for Tuesday, October 21

Mortgage Rates Move Higher at TD Bank for Tuesday, October 21Mortgage rates have moved higher on Tuesday for many popular loan products at Toronto Dominion Bank. TD Bank advertises the benchmark 30-year mortgage at a higher 3.813% today with an APR of 3.876%.

The shorter-term 15-year fixed mortgage is quoted at a slightly higher 3.063% with an APR of 3.173%. TD Bank advertises the 30-year FHA loan unchanged at 3.500% with a 4.588% APR.

For buyers who want greater flexibility, TD Bank offers several adjustable rate mortgages. The lowest rate of the day is for a 1/1 ARM with a rate as low as 1.937% for the first year with an APR of 2.748%. A 5/1 ARM is advertised at 3.063% for the first five years with an APR of 2.917%. Buyers can lock into a 7/1 ARM at 3.187% for the first seven years with a starting APR of 3.010%. For more long-term predictability, a 10/1 ARM is advertised with a rate of 3.313% for the first ten years with a starting APR of 3.152%.

TD Bank Refinance Rates

Rates remain competitive for refinance loans for homeowners. The standard 30-year refinance loan is quoted at 3.687% today with an APR of 3.749%. TD Bank advertises the shorter-term 15-year refi loan at a low 2.937% with a 3.047% APR. The FHA refinance is available today with a rate as low as 3.500% and an APR of 4.588%.

For more flexibility and savings, homeowners can lock into a 5/1 refi ARM today at 2.987% for the first five years with a starting APR of 2.873%. A 7/1 ARM refinance is quoted with an interest rate of 3.063% today for seven years with an APR of 2.952% to start. The popular 10/1 adjustable rate refinance is quoted at 3.187% for the first ten years with an APR of 3.074%.

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.

About Stephany Wilson

Stephany Wilson covers business and finance related news.

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