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Current Mortgage Interest Rates Slide Down at TD Bank on May 30, 2014

Current Mortgage Interest Rates Slide Down at TD Bank on May 30, 2014

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Current Mortgage Interest Rates Slide Down at TD Bank on May 30, 2014

Current Mortgage Interest Rates Slide Down at TD Bank on May 30, 2014After remaining in a safe zone for over weeks now, the Canadian mortgage lender, Toronto Dominion Bank (NYSE: TD), published improved benchmark 30 year fixed mortgage interest rates on May 30, 2014. The qualified home buyers, who are looking forward to drop by the mortgage desk at any local branch of TD Bank, will find no change in the rates at which home purchase and refinancing deals are being traded this Friday.

In the standard, long term home financing section, the interested customers can find the 30 year fixed rate mortgage home loans being traded at a lower interest rate of 4.250% and are backed by an annual percentage rate of 4.360%. For the borrowers interested in walking down the shorter route, the 15 year fixed rate mortgage home loans are traded at an interest price of 3.375% and an APR yield of 3.565% today.When it comes to the adjustable rate mortgage schemes, the bank offers its ideal 5 year variable rate mortgage flexible home loan packages at a lending rate of 2.750% and an annual percentage yield of 2.851% to start with. The relatively more flexible, 5 year adjustable rate mortgage home loan plans can now be secured at a starting interest rate of 3.125% and an APR yield of 2.981%.

For the seekers of more flexible home loan deals, 7 year adjustable rate mortgage plans are available at an interest rate of 3.250% and an APR yield of 3.082% on the principal amount of home loan secured from the bank. The most flexible, 10 year adjustable rate mortgage home loans can now be locked in at an interest rate of 3.500% and an annual return rate of 3.311% during the starting years of the home loan tenure.

Heading towards the refinancing category, the interested customers can spot the popular 30 year fixed rate mortgage home loan plans coming out at an interest rate of 4.312% and an annual percentage rate of 4.424% today. The relatively shorter, 15 year counterparts of the 30 year refinancing fixed rate mortgage home loans are now up for grabs at an interest cost of 3.438% and an APR yield of 3.632% today.

As far as the flexible home refinancing options are concerned, the bank is offering its ideal 5 year adjustable rate mortgage home loan packages at a starting interest rate of 3.188% and an APR yield of 3.005% to start with. The more flexible, 7 year refinancing adjustable rate home loan schemes are coming out at an interest rate of 3.312% and an APR yield of 3.113% today.

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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