Mortgage Rates Update: Current Refinance Rates and Fixed Home Loans at TD Bank for March 16

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Refinance Rates Today at TD BankU.S. mortgage lender, TD Bank (NYSE:TD) lowered interest rates on some of its long-term home purchase and refinance loans. This weekend, the 30-year fixed conventional loan, which is available for home purchase intentions, is published at a rate of 4.438%, a downtick compared to the previous 4.562% that it had on Thursday. The 15-year version of the bank’s home loan is up for grabs at a rate of 3.438%, an improvement over the former 3.562%.

Turning attention to the latest refinance rate quotes, TD Bank offers the long-term 30-year fixed mortgage for as low as 4.500%. Back on Thursday, this type of loan package was carrying 4.625% interest cost. The 15-year fixed rate refinance mortgage became more attractive as well, with the current mortgage rate coming out at 3.500%. Rates on adjustable rate mortgages (ARMs) have eased as well at this lender. Presently, the 7/1 ARM has a starting rate of 3.375%. Another flexible loan option at TD Bank is the 5-year adjustable rate loan. This mortgage loan has a daily low at 3.125%, according to the latest data. Additional details on today’s mortgage interest rates, discount points 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 solutions at this bank.

TD Bank Home Purchase Rates

30-Year Fixed-Rate Mortgage: 4.438%, 4.503% APR
15-Year Fixed-Rate Mortgage: 3.438%, 3.549% 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: 4.500%, 4.563% APR
15-Year Fixed-Rate Mortgage: 3.500%, 3.608% APR
7/1 Adjustable Rate Mortgage (ARM): 3.375%, 3.095% APR
5/1 Adjustable Rate Mortgage (ARM): 3.125%, 2.936% 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 additional mortgage loan options, as well as details on borrowing terms and conditions, please take a look at the financial institution’s website.