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Current Mortgage Interest Rates Quoted by TD Bank on May 16, 2014

Current Mortgage Interest Rates Quoted by TD Bank on May 16, 2014

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Current Mortgage Interest Rates Quoted by TD Bank on May 16, 2014

Current Mortgage Interest Rates Quoted by TD Bank on May 16, 2014Moving 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.

As per the most up to date mortgage information provided by the bank today, the standard, long term, 30 year fixed rate mortgage home loan deals are coming out at an interest rate of 4.375% and are carrying an annual percentage rate of 4.486%. In the short term home loan section, 15 year counterparts of the 30 year fixed rate mortgage home loans are now up for grabs at an interest rate of 3.500% and an annual percentage yield of 3.691%.In the flexible housing finance division, the mortgage shoppers can spot the 3 year adjustable rate home loan deals being listed at an interest price of 2.750% and an annual percentage rate of 2.851% to start with. The 5 year adjustable rate mortgage options can now be secured at a lending cost of 3.250% and an APR yield of 3.025% today.

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.

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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