After registering a steep rise in its lending rates towards the end of the week, the Canadian mortgage lender, Toronto Dominion Bank (NYSE: TD), made some improvement to its benchmark 30 year fixed mortgage interest rates on February 24, 2014. Mortgage shoppers, who are planning on stopping by the local branches of TD Bank today, will surely find the new home purchase and refinance mortgage options being published next to improved interest rates in the loan portfolio.
As of now, the standard, long term, 30 year fixed rate mortgage loans are published against an interest charge of 4.312% and are carrying an annual percentage yield of 4.424%. On the other hand, in the short term home loan category, the 15 year fixed rate mortgage loans deals are being traded at an improved interest rate of 3.438% and an APR yield of 3.632% today.
In the adjustable mortgage section, the bank is offering its 3 year variable rate home loans at a starting interest rate of 2.562% and an APR yield of 2.812%. However, the more flexible, 5 year adjustable rate mortgage schemes are listed against an interest rate of 3.062% and are yielding an annual percentage rate of 2.961% to begin with.
TD Bank also offers more flexible, 7 year adjustable rate mortgage loans at an interest price of 3.438%, which are carrying a starting APR yield of 3.172% today. Alternatively, the most flexible, 10 year adjustable rate mortgage loans are being advertised at a lending rate of 3.688% and an annual return rate of 3.431% on the initial amount of loan taken from the bank.
For the mortgage shoppers, who are looking forward to refinance their current investments, TD bank offers its refinancing deals at impressive interest and return rates. Today, the popular, 30 year refinancing fixed rate home loan deals are quoted at an interest rate of 4.562% and are accompanied by an annual return of 4.676%. On the other hand, for the seekers of short term plans, the bank publishes its best 15 year refinancing FRM home loans at a lending cost of 3.688%, which come along with an APR yield of 3.883%.
As far as the flexible rate refinancing options are considered, the potential home loan borrowers can spot the best 5 year adjustable rate home loans being published at a starting interest rate of 3.312% and an APR yield of 3.048% start with. However, the more flexible, 7 year refinancing adjustable rate mortgages are up for grabs at an interest price of 3.688 and come along with an APR yield of 3.290% during the starting years of the home loan.
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.