While at most of the US based home financiers, the lending rates haven’t changed much, the Canadian mortgage lender, Toronto Dominion Bank (NYSE: TD), lowered its benchmark 30 year fixed mortgage interest rates on May 7, 2014. As of now, the eligible mortgage shoppers will find the ideal home purchase and standard refinancing home loan deals coming out at somewhat improved interest rates in comparison to the rates quoted yesterday.
For the seekers of flexible mortgage home loan options, the bank is currently offering its best 5 year adjustable rate mortgage home loan packages at a starting interest rate of 3.125% and an annual percentage rate of 2.981% this Wednesday. On the other hand, the more flexible, 7 year adjustable rate mortgage plans are up for grabs at a lending rate of 3.375% and an APR yield of 3.141% to begin with.
When it comes to the refinancing offerings, the bank publishes its popular 30 year fixed rate mortgage home loans in the loan portfolio against an interest rate of 4.438% and an annual return rate of 4.551% today. However, the relatively shorter, 15 year refinancing fixed rate mortgage home loan schemes can be locked in at an interest price of 3.688% and an APR yield of 3.883% this Wednesday.
With regards to the variable rate mortgage refinancing deals, the customers can now find the best 5 year refinancing options being quoted at an interest price of 3.188% and carrying an APR yield of 3.005% to start with. On the contrary, the more flexible, 7 year refinancing adjustable rate mortgage home loan options are up for grabs at an interest rate of 3.438% and an APR yield of 3.172% today.