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Higher Mortgage Home Loan Rates at TD Bank on March 7, 2014

Higher Mortgage Home Loan Rates at TD Bank on March 7, 2014

Business

Higher Mortgage Home Loan Rates at TD Bank on March 7, 2014

Defying its usual pricing policy, the Canadian lender, Toronto Dominion Bank (NYSE: TD), decided to increase the figures of its benchmark 30 year fixed mortgage interest rates on March 7, 2014. This Friday, the standard home purchase and refinancing home loan deals are coming out at new lending rates, which will definitely make the TD loan products less popular in the market.

The potential home buyers, who are looking forward to finance their realty investments by acquiring standard, long term home loans, can opt for the 30 year fixed rate mortgage home loan deals, which are now published against a lending charge of 4.562% and an APR yield of 4.676% today. However, the relatively shorter, 15 year fixed rate mortgage home loans can be seen listed against an interest rate of 3.562% and an APR yield of 3.756% this Friday.

When it comes to flexible lending options, the bank is currently offering its best 3 year adjustable rate mortgage packages to the interested borrowers at a starting interest rate of 2.688% and an APR yield of 2.839% to start with. However, the 5 year adjustable rate mortgage home loan deals can be acquired at an interest cost of 3.188% and an APR yield of 3.005% during the starting years of the home loan.

For the borrowers, who are looking forward to enjoy more flexible interest rates, the 7 year adjustable rate home loans can be locked in at an interest rate of 3.438% and an APR yield of 3.172%. Alternatively, the 10 year adjustable rate home loans deals can be acquired at an interest cost of 3.688% and an APR yield of 3.431% to begin with.

Shifting sights to the refinancing home loan arena, the mortgage shoppers can spot the popular 30 year fixed rate mortgage home loans being published at an interest rate of 4.812% and an APR yield of 4.928% today. On the other hand, the short term, 15 year refinancing fixed rate mortgage home loan packages can be had at an interest rate of 3.812% and an APR yield of 4.008% today.

As far as the adjustable rate lending options are considered, the interested home loan seekers can spot the best 5 year refinancing variable rate home loan options being advertised at a starting interest rate of 3.438% and carrying an APR yield of 3.093% to start with. However, the more flexible, 7 year refinancing adjustable rate mortgage home loans are up for grabs at an interest price of 3.688% and an APR yield of 3.290% on the basic amount of home loan sanctioned by the bank.

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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