Hanging around its standard course, the Canadian mortgage lender, Toronto Dominion Bank (NYSE: TD) made no relative change to the figures of its benchmark 30 year fixed mortgage interest rates on April 21, 2014. According to the new mortgage data released by the bank this Monday, the standard new home purchase and refinancing home loans are still being traded at the same interest rates as last week.
As of now, the mortgage shoppers, who are keen on obtaining the standard, long term, 30 year fixed rate mortgage home loans, have to deal with an interest price of 4.500% and agree to an annual percentage rate of 4.612%. On the other hand, for the borrowers, who are planning on taking the shorter route to finance their realty investment, the bank is currently offering its 15 year fixed rate mortgage home loan plans at an interest rate of 3.500% and an annual percentage yield of 3.691% today.
The mortgage borrowers, who are facing issues in securing conventional home loans due to their poor credit score of the past or their inability to deal with expensive down payments, can opt for the FHA insured 30 year fixed rate mortgage home loans, which are being traded at an interest rate of 4.000% and are backed by an APR yield of 5.153% this Monday.
In the variable rate mortgage section, the mortgage borrowers can find the best 5 year adjustable rate home loans being advertised at a starting interest rate of 3.125% and an annual return rate of 2.981% to start with. On the other hand, the more flexible, 7 year adjustable rate mortgage loans are now up for grabs at an interest rate of 3.375% and an APR yield of 3.141% during the initial years of the home loan period.
Shifting sights towards the refinancing arena, the home loan seekers borrowers can spot the popular 30 year fixed rate mortgage home loans being traded at an interest cost of 4.562% and are backed by an APR yield of 4.676% today. Alternatively, the short term, 15 year counterparts of the 30 year refinancing fixed rate mortgage loans can now be locked in at an interest rate of 3.562% and an APR yield of 3.756% today.
In the flexible refinancing home loans section, the bank publishes its best 5 year adjustable rate mortgage deals at an interest rate of 3.188% and an APR yield of 3.005% to begin with. However, the more flexible, 7 year refinancing adjustable rate mortgage home loans are up for grabs at an interest rate of 3.438% and an APR yield of 3.172% on the principal amount of loan secured from the bank.
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.