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Current Mortgage Rates at TD Bank on May 7, 2014

Current Mortgage Rates at TD Bank on May 7, 2014

Business

Current Mortgage Rates at TD Bank on May 7, 2014

Current Mortgage Rates at TD Bank on May 7, 2014While 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.

As per the most up to date mortgage data made available by the bank, the standard, long term, 30 year fixed rate mortgage home loans are being traded at an interest rate of 4.375% and are carrying an annual percentage rate of 4.486% today. However, the relatively short term, 15 year fixed rate mortgage home loans are now priced at an interest rate of 3.625% and are backed by an ARP yield of 3.817% this Wednesday.The mortgage shoppers, who are usually face issues in obtaining standard home loans owing to poor credit score or their inability to deal with heavy down payments, can opt for the FHA insured 30 year fixed rate mortgage home loans, which are now coming out at an interest rate of 4.125% and are accompanied by an annual percentage yield of 5.283%, which is certainly higher than the non-FHA approved loans.

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.

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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