Fixed Mortgage Rates: TD Bank Home Loans and Refinance Mortgage Rates for May 27

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Fixed Mortgage Rates: TD Bank Home Loans and Refinance Mortgage Rates for May 27North American lender, TD Bank (NYSE:TD), revised its mortgage rate sheet for May 27, 2015. Current details on the bank’s conventional home loan rates and annual percentage rates (APRs) can be be found below. TD Bank provides excellent mortgage rates under both its home purchase and refinance loan programs, so those who are looking to invest either in a new / used home or to refinance an existing mortgage, may find some suitable mortgage products at this financial institution.

TD Bank Home Purchase Rates

30-Year Fixed-Rate Mortgage: 4.188%, 4.255% APR
15-Year Fixed-Rate Mortgage: 3.375%, 3.491% APR

The rate information provided assumes the purpose of the mortgage loan is to purchase a property, an existing single family home to be used as a primary residence with a loan amount of $200,000 and an estimated property value of $250,000. The property is located in Framingham, MA. The interest rate reflects a 60 day rate lock period. The actual mortgage interest rate will depend on a number of factors including but not limited to loan type, credit profile, property type, appraised value, occupancy and loan size.

TD Bank Refinance Rates

30-Year Fixed-Rate Mortgage: 4.188%, 4.253% APR
15-Year Fixed-Rate Mortgage: 3.375%, 3.487% APR
7/1 Adjustable Rate Mortgage (ARM): 3.438%, 3.266% APR
5/1 Adjustable Rate Mortgage (ARM): 3.312%, 3.171% APR

The rate information provided assumes the purpose of the mortgage loan is to refinance an existing mortgage with a loan amount of $200,000 and an estimated property value of $250,000. The property is located in Framingham, MA. The interest rate reflects a 60 day rate lock period. The actual mortgage interest rate will depend on a number of factors including but not limited to loan type, credit profile, property type, appraised value, occupancy and loan size.

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Please, note that the current interest rates may vary without prior notice from the lender and are subject to change based on location, geography and other terms and conditions. The annual percentage rates (APR) were made based on discount points, origination fees, average loan fees and closing costs.

Mortgage-finance company, Freddie Mac announced last week, that the interest rate on the 30-year fixed mortgage decreased to 3.84% from the former 3.85%. Meanwhile, the average rate on the shorter-term 15-year fixed mortgage declined to 3.05% during the past week. Previously this type of mortgage loan averaged a rate of 3.07%, according to the firm.

For additional details on the latest home purchase and refinance mortgage interest rates at TD Bank, as well as information on borrowing terms and conditions and loan assumptions, please take a visit to the financial institution’s website.