At the Canadian mortgage lender, Toronto Dominion Bank (NYSE: TD) a pleasant period for the potential home loan customers seems to be nearing its end today with the bank publishing higher home purchase and refinancing interest rates on February 4, 2014. The interested mortgage shoppers won’t be happy to see a steep rise in the benchmark 30 year fixed mortgage interest rates this Tuesday.
Today, the standard, 30 year fixed rate long term mortgage home loans, are coming out at an interest rate of 4.438% and are backed by an annual percentage rate of 4.551%. In the short term lending section, the potential borrowers can find the 15 year fixed rate mortgage home loans being published against a lending charge of 3.438% and carrying an APR yield of 3.632% today.
For the seekers of variable rates of interest, the bank offers its best 3 year adjustable rate mortgage home loan deals at an interest rate of 2.562% and an APR yield of 2.910% on the initial amount of loan taken from the bank. However, the 5 year adjustable rate mortgage home loans can be acquired at a starting interest rate of 3.062% and an annual return rate of 3.043% today.
When it comes to more flexible interest rates, the US based lender publishes the 7 year adjustable rate mortgage home loans at an interest price of 3.312% and an annual percentage yield of 3.181% during the initial years of the home loan. On the other hand, the most flexible, 10 year fixed rate mortgage home loans can be acquired at a starting rate of 3.562% and an APR yield of 3.401% to begin with.
In the refinancing arena, the potential borrowers can find the popular 30 year fixed rate mortgage home loans coming out at an interest rate of 4.688% and an annual return of 4.8035 today. However, for the admirers of short term lending options, the 15 year refinancing fixed rate mortgage deals would be an ideal pick at an interest rate of 3.688% and an APR yield of 3.883% today.
As far as the adjustable rate mortgage deals are considered, the interested borrowers can find the best 5 year refinancing home loan options being traded at a starting rate of 3.312% and an APR yield of 3.131% to begin with. The 7 year refinancing ARM home loan packages can be locked in at a starting rate of 3.562% and an APR yield of 3.299% during the initial years of the 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.