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Mortgage Home Loan Rates at TD Bank Show No Change on January 16, 2014

Mortgage Home Loan Rates at TD Bank Show No Change on January 16, 2014

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Mortgage Home Loan Rates at TD Bank Show No Change on January 16, 2014

Mortgage Home Loan Rates at TD Bank Show No Change on January 16 2014Where the mortgage interest rates of several other mortgage lenders tiptoed towards higher ground, the benchmark 30 year fixed mortgage interest rates at Toronto Dominion Bank (NYSE: TD) remained flat on January 16, 2014. This Thursday, the mortgage shoppers will find no absolute change in the lending rates of the home purchase and refinancing options when compared to the yesterday’s charts.

The potential borrowers who favor long term, 30 year fixed rate mortgage home loans, will have to pay an interest cost of 4.438% and enjoy an annual percentage rate of 4.551% today for locking in a perfect deal. However, the mortgagors, who are searching for the short term, 15 year mortgage home loan deals, can pay a lending charge of 3.562% and agree to an APR yield of 3.756% today for acquiring the best deals.

The latest mortgage data published by the Canadian lender shows the 3 year adjustable rate mortgage home loans being traded at an interest rate of 2.562% and carrying an annual return of 2.910% today. However, the 5 year flexible rate home loans are carrying an interest price of 3.062% and are offering an APR yield of 3.043% to start with.

In the more flexible lending department, the bank offers its best 7 year adjustable rate mortgages at a lending rate of 3.312% and an APR yield of 3.181% today. However, the most flexible, 10 year ARM home loan deals can be acquired by bearing an interest burden of 3.688% today and enjoying an APR yield of 3.480% to start with.

Shifting interests towards the refinancing division, the popular 30 year fixed rate mortgage deals are coming out at a lending rate of 4.688% and are carrying an APR yield of 4.803% today. The relatively shorter, 15 year refinancing fixed rate home loan packages are now rated at an interest price of 3.812% and are accompanied by an APR yield of 4.008%.

The seekers of variable rate lending options can find the 5 year refinancing adjustable rate mortgage loans being traded at an interest cost of 3.312% and an APR yield of 3.131% to start with. However, the more flexible, 7 year refinancing ARM deals can be locked in at an interest rate of 3.562% and an annual return of 3.299% to start with.

Mortgage rates published by banks are often affected by the rise and fall in the prices of mortgage backed bonds and securities, which blindly move along with the stock market changes. As the stock market plummeted by the end of the trading day and left the DJIA index at 15337.70, after falling by -113.35, TD Bank tracked its footsteps for quoting its interest rates. However, the stock price of TD shares improved by +0.64% and touched a new level of 84.74.

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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