Following a different approach from some of major US based mortgage lenders, the Canadian mortgage provider, Toronto Dominion Bank (NYSE: TD) decided to publish unchanged benchmark 30 year fixed mortgage interest rates on April 23, 2014. The eligible home loan borrowers, who are looking forward to secured ideal home purchase or refinancing loans from TD Bank, will find no reason to be elated or disappointed because of no absolute change in the lending rates today.
This Wednesday, with regards to the standard, long term loan options, the bank is charging an interest rate of 4.500% from and offering an annual percentage rate of 4.612% to the borrowers, who are interested in securing 30 year fixed rate mortgage deals today. However, for the mortgage shoppers planning on taking the relatively shorter route towards home financing, 15 year fixed rate mortgage home loans would be an ideal choice at an interest price of 3.625% and an APR yield of 3.817% today.
In the flexible financing division, the popular 3 year adjustable rate mortgage home loans are being listed at an interest rate of 2.750% and an APR yield of 2.851% to start with. On the other hand, the 5 year adjustable rate mortgage home loans are now up for grabs at an interest price of 3.250% and an annual return rate of 3.025% today.
On the contrary, the mortgage shoppers who are seeking more flexible interest rates can opt for the best 7 year adjustable rate home loan schemes, which are now available at a starting lending rate of 3.500% and an APR yield of 3.025% to being with. However, the most flexible, 10 year adjustable rate mortgage deals are now up for grabs at an interest rate of 3.750% and an APR yield of 3.468% during the starting years of the home loan tenure.
With regards to the refinancing options, the bank is now offering its popular 30 year fixed rate mortgage home loans at an interest rate of 4.562% and an annual return rate of 4.676% today. On the other hand, the short term, 15 year fixed rate mortgage home loan schemes can be secured at an interest rate of 3.688% and an APR yield of 3.883% this Wednesday.
In the adjustable rate mortgage division, TD Bank highlights its best 5 year refinancing deals at an interest rate of 3.312% and an APR yield of 3.048% to start with. Alternatively, the more flexible, 7 year refinancing adjustable rate mortgage home loans can be secured at an interest rate of 3.562% and an APR yield of 3.231% on the principal amount of home 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.