Connect with us

Current Mortgage Interest Rates Remain Steady at TD Bank on May 12, 2014

Current Mortgage Interest Rates Remain Steady at TD Bank on May 12, 2014

Business

Current Mortgage Interest Rates Remain Steady at TD Bank on May 12, 2014

Current Mortgage Interest Rates Remain Steady at TD Bank on May 12, 2014This Monday, the benchmark 30 year fixed mortgage interest rates are holding their ground at the Canadian mortgage lender, Toronto Dominion Bank (NYSE: TD). Looking at the latest mortgage data released by the bank on May 12, 2014, the interested customers will find no absolute change in the lending rates at which the ideal home purchase and refinancing mortgage deals are being traded in comparison to the last week’s figures.

As of now, in the standard, long term, home financing section, the bank is offering its 30 year fixed rate mortgage home loan rates at an interest rate of 4.375% and an annual percentage yield of 4.486%. In the relatively shorter lending section, the 15 year fixed rate mortgage home loan schemes can be locked in at a lending price of 3.500% and an annual percentage yield of 3.691%.

In the flexible rate home loan section, the best 3 year variable rate mortgage deals can be secured at a starting interest rate of 2.750% and an APR yield of 2.851% today. The 5 year adjustable rate mortgage home loan plans can be seen coming out at an interest rate of 3.250% and an APR yield of 3.25% to start with.

For the seekers of more flexible interest rates, the bank quotes its 7 year adjustable rate mortgage packages at an interest price of 3.375% and an APR yield of 3.141% this Monday. The most flexible, 10 year adjustable rate mortgage home loan packages can be seen advertised at a lending rate of 3.625% and an APR yield of 3.389% today.

With regards to the refinancing home loan deals, the mortgage shoppers can spot the popular 30 year fixed rate mortgage options being traded at an interest rate of 4.438% and an annual percentage yield of 4.551% today. For the borrowers interested in taking a shorter route to refinance their existing investments, 15 year refinancing fixed rate mortgage home loan deals would be perfect options at a lending rate of 3.562% and an annual return rate of 3.756%.

In the flexible refinancing home loan division, the interested customers can find the 5 year adjustable rate mortgage home loans coming out at an interest rate of 3.312% and carrying an APR yield of 3.048% to start with. For those who are seeking more flexible home loan rates can opt for the 7 year refinancing adjustable rate mortgage loans, which are now available at a starting interest rate of 3.438% and an APR yield of 3.172%.

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.

More in Business

Good News

To Top