Mortgage Rates Roundup Today: TD Bank (NYSE:TD) And KeyBank (NYSE:KEY) Home Purchase Rates Fall
The new year has came and low mortgage rates are still around. Although, in the last two weeks of 2011 mortgage applications have dropped for both home purchases and refinances, lenders are trying to convince potential borrowers to take advantage of the current situation.
As far as conventional loans are concerned, mortgage interest rate for the 30-year FRM deal at TD Bank (NYSE:TD) fell since last week and it’s available today at a rate of 3.950% and an APR variable of 4.003%. The 15-year fixed alternative can be locked in and taken home for 3.135% and an APR amounting to 3.227%.
FHA loans are also available at decent rates, as the 30-year fixed rate FHA package is being advertised by TD Bank at a rate of 4.250% and an APR yielding to 4.799%.
In case of the most popular Jumbo loans, the 30-year fixed rate package can be secured for as low as 4.165% and an annual percentage rate of 4.188%, while the 15-year fixed alternative deals are up for grabs at a rate of 3.715% and an APR of 3.755%.
With regard to current mortgages rates for home purchases at KeyBank (NYSE:KEY), the 30-year FRM deal is available today for as low as 4.000% and an APR variable of 4.056%. This package now carries a lower interest rate compared to last week, so borrowers could possibly be lured to take action. On the other hand, the shorter 15-year fixed deal can be locked in and taken out at a rate of 3.310% and an APR amounting to 3.409%.
The 30-year FHA loans might be a solution for many, as these packages are up for grabs today at a decent rate of 3.875% and an APR yielding to 4.638%.
Those who are looking for more flexible options, KeyBank advertises the 10/1 ARM today for as low as 3.280% and an APR of 3.372%, while the 7/1 adjustable rate mortgage can be secured at a rate of 2.970% and an annual percentage rate of 3.242%.
Related posts:
- Mortgage Rates Roundup Today: Wells Fargo (NYSE:WFC) And TD Bank (NYSE:TD) Drop Home Purchase Interest Rates
- Mortgage Rates Roundup Today: Wells Fargo (NYSE:WFC) And Citibank (NYSE:C) Home Purchase Rates Continue Extraordinary Run
- Current Mortgage Rates: Bank of America (NYSE:BAC) And Wells Fargo (NYSE:WFC) Home Purchase Rates Remain Solid