After 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.
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.