Toronto Dominion Bank has updated its mortgage interest rates on Columbus Day, with rates lower on many popular loan products. The standard 30-year fixed mortgage is advertised today at 4.000% with an APR of 4.063%, while the popular shorter-term 15-year fixed loan is quoted at 3.250% with an APR of 3.361%. TD Bank advertises an FHA loan with an interest rate of 3.750% and an APR of 4.846%.
Buyers who want greater flexibility and the lowest mortgage rate can turn to several adjustable rate mortgage options at TD Bank. The best rate today is for a 1/1 ARM with an interest rate of 1.875% for the first year and an APR of 2.859%. For more flexibility, the more popular 5/1 ARM is quoted today at 3.125% for the first five years with an APR of 3.021%. Buyers can lock into a 7/1 adjustable rate mortgage at 3.125% today for the first seven years with an APR of 3.049%. For more long-term predictability of payments and the rate, TD Bank offers a 10/1 ARM with a rate of 3.375% for the first ten years with an APR of 3.240%. A 15/1 ARM offers an interest rate of 3.625% for fifteen years with an APR of 3.534%.
Today’s TD Bank Refinance Rates
For homeowners who want to refinance into a lower rate, TD Bank offers competitive refinance rates today. A 30-year refinance loan is advertised at 4.000% with an APR of 4.063%, while a 15-year refi loan is quoted at 3.250% with an APR of 3.360%. Homeowners can refinance an FHA loan at 3.750% with an APR of 4.846% today.
A 5/1 ARM refi is quoted at 3.125% for the first five years with an APR of 3.021%, while a 7/1 adjustable rate mortgage refinance is advertised at the same 3.125% for the first seven years with an APR of 3.049%. A 10/1 ARM refi offers more predictability with an interest rate of 3.375% for the first ten years and an APR of 3.239% to start.
TD Bank mortgage rate quotes assume a TD Bank relationship, which applies a 0.125% rate discount. Visit TD Bank’s website for a personalized mortgage quote.
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.