Interest rates have moved down for many loan products at Toronto Dominion Bank on Thursday, October 30. TD Bank advertises the benchmark 30-year fixed rate mortgage at 4.000% with an APR of 4.063%. The FHA loan is quoted at 3.750% today with a 4.846% APR. Buyers can lock into an interest rate of 3.250% on a 15-year loan with an APR of 3.361%.
Buyers who want greater flexibility and a lower interest rate can lock into a 5/1 adjustable rate mortgage at 3.000% for the first five years with an APR of 2.895%. The 7/1 ARM is quoted at a higher 3.125% interest rate today with an APR of 2.981% to start. Borrowers can enjoy greater long-term predictability with a 10/1 ARM at 3.3755% with a starting APR of 3.190%. The best interest rate advertised at TD Bank today is 1.875% for a 1/1 ARM with an APR of 2.743% APR.
Refinance Rates Today
Refinance rates are quoted higher than purchase rates for most loans today. A 30-year refinance loan is advertised with a rate of 4.063% at TD Bank with an APR of 4.127%. Homeowners can lock into an FHA refinance loan at 3.750% with an APR of 4.846%. The popular 15-year refinance mortgage is advertised at 3.313% with a 3.424% APR. For homeowners looking for more flexibility and savings, TD Bank quotes the 5/1 ARM at 3.063% today with a starting APR of 2.917% to start. The 15/1 ARM offers more predictability in exchange for a higher rate of 3.687% and a starting APR of 3.558%.
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.