At the most popular Canadian financier operating in the US mortgage market, Toronto Dominion Bank (NYSE: TD), the benchmark 30 year fixed mortgage interest rates are holding firm on May 20, 2014. According to the most up to date mortgage information made available to the borrowers today, the standard home purchase and ideal refinancing home loans are coming out at the same interest rates as yesterday.
In the flexile rate home lending department, the mortgage shoppers can spot the best 3 year adjustable rate home loans being traded at a starting interest rate of 2.750% and being backed by an APR yield of 2.851% today. The slightly more flexible, 5 year adjustable rate mortgage home loan can now be secured at an interest cost of 3.125% and an annual percentage return of 2.981% this Tuesday.
Alternatively, for the borrowers seeking more flexible interest rates, the bank offers 7 year adjustable rate mortgage home loans at an interest rate of 3.375% and an APR yield of 3.125%. The most flexible, 10 year adjustable rate mortgage home loans can be seen quoted in the bank’s loan portfolio at an interest rate of 3.625% and are carrying an annual percentage return of 3.389% during the initial years of the home loan deal.
In the refinancing home loan arena, the potential mortgage shoppers can find the popular 30 year fixed rate home loan plans coming out at an interest rate of 4.438% and carrying an APR yield of 4.551% today. For the seekers of short term deals, 15 year counterparts of the 30 year refinancing fixed rate mortgage options are being advertised at an interest rate of 3.562% and an APR yield of 3.756% this Tuesday.
As far as the flexible financing options are concerned, the borrowers can lock in the best 5 year refinancing adjustable rate mortgage deals at an interest price of 3.188% and an APR yield of 3.005% to start with. In the more flexible loan options, the 7 year refinancing adjustable rate home loans are coming out at an interest rate of 3.438% and an APR yield of 3.172% to start with.