The mortgage interest rates, at which the standard home purchase and refinancing home loans are coming out of the Canadian mortgage lender, Toronto Dominion Bank (NYSE: TD), experienced no pleasant or unpleasant movement on April 29, 2014. As of now, the bank decided to keep its benchmark 30 year fixed mortgage interest rates unchanged this Tuesday with an aim of enjoying a steady demand of home loans in the market.
On the contrary, in the flexible home loan arena, the bank now publishes its 3 year adjustable rate mortgage home loan at a starting interest rate of 2.750% and an annual percentage yield of 2.851% to start with. Alternatively, the potential home loan seekers can spot the 5 year adjustable rate mortgage home loans being advertised at an interest rate of 3.250% and carrying an annual return rate of 3.025% during the starting years of the home loan tenure.
However, in the more flexible lending division, the bank is offering its ideal 7 year adjustable rate mortgage home loan plans at an interest price of 3.500% and an APR yield of 3.025%. On the other hand, the most flexible, 10 year adjustable rate home loan options can now be secured at a starting interest rate of 3.750% and an APR yield of 3.468% today.
In the refinancing arena, the popular 30 year fixed rate mortgage home loans are coming out at an interest rate of 4.562% and an annual return rate of 4.676% today. However, the relatively shorter, 15 year refinancing fixed rate home loan options can be seen quoted at an interest rate of 3.688% and an APR yield of 3.883%.
As far as the flexible mortgage options are considered, the mortgage lender offers its best 5 year refinancing adjustable rate home loans at an interest rate of 3.312% and an APR yield of 3.048% today. Alternatively, the more flexible, 7 year refinancing adjustable rate mortgage loan plans are coming out at an interest rate of 3.562% and an APR yield of 3.231% to start with.