TD Bank Mortgage Rates: Current Refinance Rates and Home Loans for May 20

0
93

Refinance Rates Today at TD Bank15-year mortgage rates headed lower at TD Bank (NYSE:TD) on Tuesday, May 20, the lender’s lates rate quotes revealed. According to TD Bank’s mortgage information, the 15-year fixed home loan is currently offered at a rate of 3.438%, a downtick of more than 12 basis points compared to the previous 3.562% that it held earlier. The 30-year conventional home mortgage remained intact today, as the interest rate on this loan is set at 4.438%.

Under TD Bank’s refinance loan portfolio, the 30-year mortgage is published at a rate of 4.500%, a stable level, that it’s been holding since late last week. On the other hand, we noticed an improvement on the 15-year refinance loan, as it can be locked in at a rate of 3.500%. Previously, this type of loan was advertised at a rate of 3.625%. TD Bank’s refinance loan program also includes more flexible mortgages in the form of ARMs. On the second day of the week, the 7/1 adjustable rate mortgage is quoted at a rate of 3.375%, a significantly lower interest rate than the previous 3.625% that it carried. The 5/1 ARM edged down as well, as the starting rate on this loan now hovers at 3.125%. More details on TD Bank’s current mortgage interest rates can be found below.

► Compare Today’s Mortgage Rates

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 loan, may find some ideal mortgage options at this lender.

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 check the bank’s website.