Increasing Optimism

of recent home buyers feel that now

is a “good” or “very good” time to buy a new home

82%of recent home buyers

expect the housing market to stay the same or improve

over the next 6 months

90%

Interest Rate Enthusiasm

of home buyers secured an interest

rate that was aligned with their

expectations

65%secured an interest

rate which was lower than they

expected

17%

12%of recent home buyers said that the mortgage process prevented them from closing on time

of buyers received approval on their mortgage application in 7 days or less

17%

83%waited 2 weeks or more

Mortgage Approval and On Time Closing

Contributing Factors to a Good Mortgage Experience

Of home buyers surveyed

Buyers who rated their home buying experience highly were:

28% more likely to give their lender high

marks on explaining their mortgage and the options

available

26% more likely to highly rate their lender’s communication throughout the home buying

process

28% more likely to credit

their lender with making the home financing process

simple

64%considered their most recent home buying experience as “Excellent” or “Very good”

How is home financing affecting recent home purchases?

Findings from the TD Bank Mortgage Service Index show:

Infographic references information contained in the TD Bank Mortgage Service Index which was compiled via a survey of a nationally representative group of consumers who have purchased a home in the past 10 years. Survey compiled by global research company Angus Reid Public Opinion and TD Bank.