Moving along its usual road, the top foreign lender operating in the US soils, Toronto Dominion Bank (NYSE: TD), decided to make no immediate changes to its benchmark 30 year fixed mortgage interest rates on May 16, 2014. This Friday, the average new home purchase and ideal refinancing home loan deals are coming out at the same interest rates as yesterday, thereby causing no movement in the demand of TD home loans in the market.
In the more flexible lending arena, the bank offers its 7 year adjustable rate mortgage home loans that at an interest rate of 3.500% today and an APR yield of 3.200% during the starting years of the home loan tenure. The most flexible, 10 year adjustable rate home loans can be locked in at an interest rate of 3.625% and an APR yield of 3.389% this Friday.
For the customers interested in refinancing their existing investments, the bank is offering its popular 30 year fixed rate mortgage home loans at an interest rate of 4.438% and an annual return rate of 4.551% today. The relatively shorter and less expensive, 15 year refinancing fixed rate mortgage home loans are now up for grabs at a lending rate of 3.562% and an APR yield of 3.756% today.
As far as the adjustable rate refinancing options, the borrowers can opt for the 5 year variable rate home loan deals, which are currently traded at a starting interest rate of 3.312% and are backed by an APR yield of 3.048%. In the more flexible housing finance division, 7 year refinancing adjustable rate mortgage options can be secured by bearing an interest cost of 3.562% today and agreeing to an APR yield of 3.231% this Friday.