This Thursday, which usually accompanies an unpleasant piece of news for the borrowers, brought along a nice surprise for the potential home buyers. At the popular Canadian lender, Toronto Dominion Bank (NYSE: TD), the benchmark 30 year fixed mortgage interest rates register a decent improvement on May 1, 2014. This necessarily means that the standard home purchase and refinancing mortgage deals are coming out at reduced interest rates today.
In the flexible home loan division, the interested customers can spot the best 3 year adjustable rate mortgage deals being traded at an interest rate of 2.750%, along with an annual return rate of 2.851% today. However, the 5 year adjustable rate mortgage home loan plans are now up for grabs at an interest cost of 3.250% and an annual percentage yield of 3.025% to begin with.
On the contrary, in the more flexible lending section, 7 year adjustable rate mortgage home loans are being offered by the bank at an interest rate of 3.500% and an annual return rate of 3.200% during the starting years of the home loan period. The most flexible, the 10 year adjustable rate mortgage loans are now coming out at an interest rate of 3.625% and are accompanied by an APR yield of 3.389%.
In the refinancing home loan section, the interested customers can find the popular 30 year fixed rate mortgage home loan packages being advertised at a lending rate of 4.562% and an annual percentage rate of 4.676% this Thursday. Alternatively, in the short term lending division, 15 year counterparts of the 30 year refinancing fixed rate mortgage home loans are listed at a lending price of 3.688% and an APR yield of 3.883%.
As far as the adjustable rate mortgages are concerned, the bank now offers 5 year refinancing variable rate home loans at a starting interest rate of 3.312% and an APR yield of 3.048% to start with. Alternatively, the more flexible, 7 year refinancing adjustable rate home loans are now available at an interest rate of 3.562% and are accompanied by an APR yield of 3.231%.