This Monday, at the Canadian mortgage lender, Toronto Dominion Bank (NYSE: TD), the benchmark 30 year fixed mortgage interest rates remained unaffected from the recent market changes. As of now, the mortgage shoppers will find no absolute change in the lending rates at which standard home purchase and refinancing mortgage deals are traded by the bank today, which is probably in the best interest of the bank in terms of steady, or even increased, demand in the market.
Heading towards the flexible lending department, the mortgagors can find the best 3 year adjustable rate mortgage loans being listed at an interest rate of 2.625% and an APR yield of 2.824% to begin with. However, for the seekers of a little bit more flexible lending options, 5 year adjustable rate mortgage packages are a perfect choice at an interest rate of 3.125% and an annual percentage yield of 2.981% during the starting years of the home loan tenure.
In the more flexible home loan section, the borrowers can spot the 7 year adjustable rate mortgage deals being advertised at an interest price of 3.375% and carrying an annual return equivalent to 3.141%
on the principal amount of loan taken from the bank. However, the most flexible, 10 year adjustable rate mortgage plans can now be had at an interest price of 3.625% and an APR yield of 3.389% to start with.
In the refinancing arena, the mortgage lender is offering its popular 30 year fixed rate home loans at an interest rate of 4.562% and an annual percentage return of 4.676% today. Alternatively, the short term, 15 year counterparts of the 30 year refinancing fixed rate mortgage loans are coming out at a lending price of 3.438% and an APR yield of 4.632%.
As far as the adjustable rate financing options are considered, the bank offers its best 5 year refinancing deals at a starting interest rate of 3.188% and an APR yield of 3.005% to begin with. On the other hand, the more flexible, 7 year refinancing adjustable rate home loan plans can be locked in at a lending rate of 3.438% and an annual return rate of 3.172% during the starting years of the home loan period.
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.