Home Mortgage Rates: 30-Year and 15-Year Refinance Rates at TD Bank for January 27

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Current Refinance Mortgage RatesMortgage rates on conventional home purchase and refinance loans were updated by major U.S. lender, TD Bank (NYSE:TD), for January 27, 2015. For the latest information on the bank’s mortgage interest rates, discount points and annual percentage rates (APRs), please check the data below. This bank provides attractive interest 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 ideal loan packages at this lender.

TD Bank Home Purchase Rates

30-Year Fixed-Rate Mortgage: 3.938%, 4.005% APR
15-Year Fixed-Rate Mortgage: 3.312%, 3.430% 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: 4.000%, 4.065% APR
15-Year Fixed-Rate Mortgage: 3.375%, 3.489% APR
7/1 Adjustable Rate Mortgage (ARM): 3.250%, 3.109% APR
5/1 Adjustable Rate Mortgage (ARM): 3.125%, 3.022% 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.

Virginia-based housing finance company, Freddie Mac announced last week, that the interest rate on the 30-year fixed mortgage ticked down to 3.63% from the previous 3.66%. Meanwhile, the interest rate on the shorter-term 15-year fixed loan plummeted to 2.93% last week. A week earlier this type of mortgage loan was hovering at a rate of 2.98%, 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 look at the financial institution’s website.