Current Mortgage Home Loan Rates at TD Bank on January 23, 2014
Following the same approach, Toronto Dominion Bank (NYSE: TD) brought no change to the interest rates at which its standard home purchase and refinancing home loans are advertised on January 23, 2014. The benchmark 30 year fixed mortgage interest rates, along with the other short term and refinancing mortgage rates are looking firm this Thursday.
The borrowers looking forward to acquire standard, long term home loans can go for the 30 year fixed rate mortgage deals that are now advertised at an interest rate of 4.562% and an APR yield of 4.676% today. On the other hand, the relatively shorter, 15 year fixed rate mortgage home loans are coming out at an interest rate of 3.562% and are backed by an APR yield of 3.756% today.
In the flexible lending department, the bank currently offers its best 3 year adjustable rate mortgage packages at an interest rate of 2.688% and an APR yield of 2.938% today. However, the 5 year adjustable rate mortgage deals can be locked in at a lending rate of 3.188% and an APR yield of 3.087% on the initial amount of loan taken from the bank.
For the seekers of more variable interest rates, the 7 year adjustable rate home loans would be a perfect pick at an interest rate of 3.438% and an APR yield of 3.240%. Alternatively, the most flexible 10 year adjustable rate home loans are carrying a starting interest price of 3.688% and an APR yield of 3.480%.
When it comes to refinancing lending options, the Canadian mortgage lender offers its popular 30 year fixed rate mortgage home loans at an interest rate of 4.812% and an APR yield of 4.928% today. However, in the short term lending section, the mortgage shoppers can find the 15 year fixed rate mortgage home loan deals being traded at an interest rate of 3.812% and an APR yield of 4.008%.
As far as the adjustable rate mortgage loans are considered, the home loan seekers can find the best 5 year refinancing deals coming out at an interest rate of 3.438% and carrying an APR yield of 3.175%. On the other hand, the more flexible, 7 year refinancing adjustable rate mortgage home loans can be locked in at an interest cost of 3.688% and are backed by an APR yield of 3.359% to begin with.
The home purchase and refinancing loan rates are often affected by the change in prices of mortgage backed bonds and securities, which follow the stock market movements closely. As the stock market plummeted and left the DJIA index stranded at 15337.70, TD bank followed the movement today. Irrespective of rates, the stock price of TD shares mounted up to 84.74 after a rise of +0.54, by the end of the trading day.
Disclaimer: The advertised rates were submitted by each individual lender/broker on the date indicated. Rate/APR terms offered by advertisers may differ from those listed above based on the creditworthiness of the borrower and other differences between an individual loan and the loan criteria used for the quotes.