At the beginning of a new trading week, the Canadian mortgage lender, Toronto Dominion Bank (NYSE: TD), made no pleasant or unpleasant changes to the benchmark 30 year fixed mortgage interest rates figures on April 28, 2014. As of now, the standard home purchase and refinancing home loan deals are being traded at the same interest rates as last week, thereby bringing no change to the overall demand of TD loan products in the market.
This Monday, with regards to the standard, long term home loan options, the lender is now charging an interest rate of 4.500% from, and offering an annual percentage rate of 4.612% to the borrowers interested in securing 30 year fixed rate mortgage home loans. On the other hand, the seekers of relatively shorter, 15 year fixed rate mortgage home loan deals are being charged with an interest price of 3.625% and an annual percentage yield of 3.817% today.
As far as the flexible financing options are concerned, the bank is now offering its ideal 3 year adjustable rate mortgage home loan plans at a starting interest rate of 2.750% and an annual percentage return of 2.851% to start with. On the other hand, the 5 year adjustable rate mortgage offerings are coming out at an interest rate of 3.250% and an APR yield of 3.025% during the initial years of the home loan tenure.
On the contrary, the seekers of more flexible home financing options can secure the 7 year adjustable rate mortgage loan packages by bearing an interest burden of 3.500% and agreeing to an annual return rate of 3.200% to begin with. Alternatively, the most flexible, 10 year adjustable rate home loan plans can be locked in at a lending rate of 3.750% and an annual percentage rate of 3.468% today.
In the refinancing section, the popular 30 year fixed rate mortgage home loans are listed against an interest rate of 4.562% and an APR yield of 4.676% today. On the other hand, the shorter, 15 year counterparts of the 30 year refinancing fixed rate home loan schemes are up for grabs at an interest rate of 3.688% and an annual return rate of 3.883% today.
When it comes to adjustable rate mortgage loans, TD Bank offers its ideal 5 year refinancing home loan plans at an interest rate of 3.312% and an annual return rate of 3.048% today. However, the more flexible, 7 year refinancing adjustable rate home loans are being traded at an interest rate of 3.562% and an APR yield of 3.231% to begin 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.