Last week, TD bank announced a domestic public offering of Series 3 shares, also known as Non-Cumulative 5 – Year Rate Reset Preferred Shares, Series 3. Under the agreement with a group of underwriters at TD Securities Inc., the bank offers 12 million shares for a price of $25 for each share that ultimately results in gross proceeds of $300 million.
The latest refinance mortgage rates for their 30 year and 15 year fixed rate are published today by TD bank. Interest rate for their 30 Year Fixed rate Mortgage Loan is 4.312% with an APR yield of 4.431%. For the shorter term 15 Year Fixed rate, the new interest rate is 3.562% for Annual Payment Rate of 3.767%.
Fixed Rate (Refinance) Mortgage Loans: TD Bank 28th July
30 Year Fixed Rate 4.312% Interest Rate 4.431% APR
15 Year Fixed Rate 3.562% Interest Rate 3.767% APR
Rates for ARM Refinance Mortgage Loan
Under their ARM loan category, the bank issued an interest rate of 3.312% with an APR of 3.054% for 5/1 ARM Mortgage Loan. For 7/1 ARM Mortgage Loan, the bank quoted an interest rate of 3.562% along with a starting APR of 3.237%. TD bank also issued new rates for their best purchase Fixed Rate and ARM loans. The new interest rate published by TD bank on Monday for 30 Year Fixed Rate is 4.250% with an APR of 4.367%. The lower FHA 30 Year Fixed Rate is quoted at 3.875% interest rate and 5.030% APR that is relatively higher than conventional loan. The 15 Year Fixed Rate under purchase category is offered for 3.500% that carries an APR of 3.702%.
Rates for ARM Purchase Mortgage Loan
The bank offers 3 Year ARM Mortgage Loans for an interest rate of 2.875% with an APR of 2.884%. The 5 Year ARM Loans are offered for an interest rate of 3.250% that carries a starting APR of 3.031%. Latest interest rate for 7 Year ARM is 3.500% along with an APR of 3.206%. For 10/1 ARM, the quoted interest rate on 28th of July is 3.625% along with an APR of 3.396%.
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.