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Current Mortgage Interest Rates are Holding Steady at TD Bank (February 17, 2014)

Current Mortgage Interest Rates are Holding Steady at TD Bank (February 17, 2014)

Business

Current Mortgage Interest Rates are Holding Steady at TD Bank (February 17, 2014)

The benchmark 30 year fixed mortgage interest rates at the Canadian lender, Toronto Dominion Bank (NYSE: TD), are still looking firm at the beginning of a new week. According to the new mortgage information released by the bank on February 17, 2014, the standard home purchase and refinancing mortgage loans are still trading at the same interest rates as last week, thereby bringing no change in the overall demand of the bank’s loan products in the market.  

As of now, the standard, 30 year fixed rate long term mortgage home loans are coming out at an interest rate of 4.438% and are backed by an annual percentage rate of 4.551% today. On the other hand, for the seekers of short term financing options, the bank is now offering the 15 year fixed rate mortgage home loan deals at an interest price of 3.438% and an APR yield of 3.632% today.

In the variable rate mortgage home loan section, the interest customers can find the ideal 3 year adjustable rate home loan packages coming out at a starting interest rate of 2.562% and an APR yield of 2.812% to begin with. However, the 5 year adjustable rate mortgage deals can be locked in at an interest rate of 3.062% and an annual percentage yield of 2.961% today.

For the admirers of more flexibility, the bank is currently offering its 7 year adjustable rate mortgage loans at a starting interest rate of 3.312% and an APR yield of 3.113% today. However, the most flexible, 10 year adjustable rate mortgage deals are up for grabs at an interest rate of 3.562% and an annual percentage rate of 3.352% to start with.

In the refinancing home loan division, the prospective customers can spot the ideal 30 year fixed rate mortgage home loans being published against a lending charge of 4.688% and carrying an annual percentage rate of 4.803% today. On the other hand, the relatively shorter, 15 year refinancing fixed rate mortgage home loans can be locked in at an interest rate of 3.688% and an APR yield of 3.883% today.

When it comes to the flexible refinancing options, the bank is offering its best 5 year adjustable rate mortgage home loan deals at a starting interest cost of 3.312% and an annual return of 3.048% to begin with. However, the popular 7 year refinancing adjustable rate mortgage plans can be locked in at an interest price of 3.562% and an APR yield of 3.231% on the initial amount of loan taken 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.

About Stephany Wilson

Stephany Wilson covers business and finance related news.

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