Mortgage Rates Update: 30-Year and 15-Year Home Refinance Rates at TD Bank for June 20

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Mortgage Rates Update: 30-Year and 15-Year Home Refinance Rates at TD Bank for June 20On Friday, 30-year mortgage interest rates ticked down at the U.S. branch of TD Bank (NYSE:TD), according to the latest data from the lender. Among long-term fixed rate home loan offerings, borrowers can find the 30-year FRM, which presently carries a rate of 4.312%. This is an improvement over the previous rate quote (4.438%) from Thursday. TD Bank’s 15-year fixed conventional home loan is available today at a rate of 3.562%, the lender’s updated data revealed.

We also noticed some changes regarding the financial institution’s home refinance rates. Now, the 30-year fixed refinance mortgage package is listed at a rate of 4.375%, a decrease of 0.125% since yesterday. The popular 15-year morgage loan, which is a popular option among those who are into refinancing, is coming out at a rate of 3.625%. On Thursday, we reported some lower interest rate on TD Bank’s adjustable rate loan offerings. Coming to Friday, some of those improvements evaporated on selectet ARM packages. To be specific, the 7/1 adjustable rate loan has a daily low rate at 3.500%. As far as the 5-year ARM is concerned, the interest rate rose to 3.375% from the former 3.250% that it held a day earlier. More details on current mortgage interest rates and APRs can be found below.

► Compare Today’s Mortgage Rates and Find The Best Loans

Mortgage shoppers who take a visit to TD Bank will see some excellent mortgage loans under the lender’s home purchase and refinance programs. Those who are looking to invest either in a new / used home or to refinance an existing mortgage, may find some suitable loan options at this financial institution.

TD Bank Home Purchase Rates

30-Year Fixed-Rate Mortgage: 4.312%, 4.377% APR
15-Year Fixed-Rate Mortgage: 3.562%, 3.674% 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: 4.375%, 4.438% APR
15-Year Fixed-Rate Mortgage: 3.625%, 3.733% APR
7/1 Adjustable Rate Mortgage (ARM): 3.500%, 3.154% APR
5/1 Adjustable Rate Mortgage (ARM): 3.375%, 3.023% 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.

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.

For further mortgage loan options, as well as details on borrowing terms and conditions, please take a look at the lender’s website.