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Higher Mortgage Interest Rates at TD Bank on August 19, 2014

Higher Mortgage Interest Rates at TD Bank on August 19, 2014

Business

Higher Mortgage Interest Rates at TD Bank on August 19, 2014

Higher Mortgage Interest Rates at TD Bank on August 19, 2014In the midst of ever changing business environment and regular economic changes, the popular Canadian lender, Toronto Dominion Bank (NYSE: TD), was forced to quote higher benchmark 30 year fixed mortgage interest rates on August 19, 2014. As of now, in the new mortgage rate charts released by the bank today, the ideal home purchase loans as well as refinancing deals are coming out at somewhat tweaked interest rates as compared to yesterday.

In the bank’s mortgage portfolio, the standard, long term, 30 year fixed rate mortgage home loans are now listed at an interest rate of 4.375% and an annual percentage rate of 4.493% today. When it comes to the shorter and less expensive home loans, the bank now offers its best 15 year fixed rate mortgage loans at an interest rate of 3.500% and an APR yield of 3.702% this Tuesday.

Heading towards the adjustable rate lending division, the interested customers can find the best 3 year adjustable rate mortgage home loans being published against an interest price of 2.875% and an APR yield of 2.884%. The 5 year adjustable rate mortgage deals can now be traded at a starting interest rate of 3.250% and an APR yield of 3.031% to start with.

For the seekers of more flexible home loan deals, the bank quotes its 7 year adjustable rate mortgage home loan packages at a lending rate of 3.500% and an APR yield of 3.206% today. The most flexible, 10 year adjustable rate mortgage home loan plans are now up for grabs at an interest cost of 3.625% and an APR yield of 3.396% during the initial years of the home loan period.

In the refinancing mortgage department, TD Bank is currently offering the best 30 year fixed rate mortgage home loan plans at an interest cost of 4.438% and an annual return rate of 4.558% today. The relatively shorter, 15 year refinancing fixed rate mortgage plans can now be locked in at an interest rate of 3.562% and are carrying an APR yield of 3.767% today.

This Tuesday, for the interested customers, who are looking forward to secure adjustable rate mortgage loans, the bank is offering its best 5 year refinancing deals at a starting lending cost of 3.312% and an APR yield of 3.054% to start with. The more flexible, 7 year refinancing variable rate home loan packages are now up for grabs at an interest cost of 3.562% and an APR yield of 3.237% on the principal amount of loan obtained from 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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