After registering a steep hike yesterday, the Canadian mortgage lender, Toronto Dominion Bank (NYSE: TD), decided to increase its mortgage interest rates to new levels on February 6, 2014. The borrowers, who are interested in having their new home purchase and refinance lending needs fulfilling through TD Bank, will find a further increase in the benchmark 30 year fixed mortgage interest rates today.
Today, the admirers of standard, long term, home financing options, will have to pay an interest cost of 4.438% and agree to an annual percentage rate of 4.551% for acquiring the 30 year fixed rate mortgage home loan packages from TD Bank. However, the seekers of short term home financing deals can go for the popular, 15 year fixed rate mortgage home loan plans, which are now available at an interest rate of 3.438% and carry an APR yield of 3.632% today.
In the adjustable rate mortgage division, the interested borrowers can find the best 3 year variable rate home loans being traded at an interest rate of 2.562% and backed by an APR yield of 2.910% to begin with. On the other hand, the 5 year adjustable rate mortgage deals can be had at a starting rate of 3.062% and an annual return of 3.0435 today.
For the seekers of more flexible home loan rates, the bank is now offering its best 7 year adjustable rate mortgage packages at a lending rate of 3.312% today and an annual percentage yield of 3.181% to begin with. The most flexible, 10 year adjustable rate mortgage deals can be acquired at an interest price of 3.562% and an APR yield of 3.401% during the initial years of home loan.
Heading towards the refinancing arena, the mortgage shoppers can spot the popular 30 year fixed rate mortgage home loan deals sitting against a lending charge of 4.688% and carrying an annual return of 4.803% today. Alternatively, the shorter, 15 year refinancing fixed rate mortgage options can be locked in at an interest rate of 3.688% and an APR yield of 3.883% this Thursday.
As far as the adjustable rate mortgage offerings are concerned, the bank published its popular 5 year refinancing deals at a starting interest cost of 3.312% and an APR yield of 3.131% to begin with. On the other hand, the more flexible, 7 year refinancing adjustable rate home loan packages are up for grabs at an interest price of 3.562% and are coming along with an APR yield of 3.299% to start with.
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.