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Mortgage Home Loans Remained Steady at TD Bank on February 28, 2014

Mortgage Home Loans Remained Steady at TD Bank on February 28, 2014

Business

Mortgage Home Loans Remained Steady at TD Bank on February 28, 2014

Towards the end of another trading week, when several other mortgage providers released improved interest rates, the Canadian lender, Toronto Dominion Bank (NSYE: TD) made no change to its benchmark 30 year fixed mortgage interest rates. As per the new rate chart issued by the bank on February 28, 2014, the standard home purchase and the refinancing home loans are coming out at the same interest rates as yesterday.

As of now, the standard, long term, 30 year fixed rate mortgage home loans are listed at an interest rate of 4.312% and are carrying an annual percentage rate of 4.424%.  When it comes to short term home loan options, the ideal 15 year fixed rate mortgage plans can be had at an interest cost of 3.438% and an annual return rate of 3.632% today.

For the mortgage shoppers, who are looking forward to acquire ideal home loans at variable interest rates, the bank is providing the 3 year adjustable rate mortgage deals at an interest rate of 2.562% and an APR yield of 2.812% to begin with. However, the 5 year adjustable rate mortgage plans can now be locked in at an interest price of 3.062% and an APR yield of 2.961% during the initial years of the loan tenure.

The admirers of more flexible home loan rates can go for the 7 year adjustable rate mortgage plans, which are now being traded at an interest rate of 3.312% and an APR yield of 3.113%. On the other hand, the best, 10 year adjustable rate mortgage plans can be had at a starting interest rate of 3.562% and an APR yield of 3.352% to start with.

In the refinancing arena, the interested borrowers can spot the popular 30 year fixed rate mortgage home loans coming out at an interest cost of 4.562% and yielding an APR of 4.676% today.  However, the relatively shorter, 15 year refinance fixed rate mortgage schemes can be had at an interest rate of 3.688% and an APR yield of 3.883%. 

For the mortgage shoppers, who are looking forward to enjoy more flexibility in terms of refinancing interest rates, the bank is currently offering its best 5 year adjustable rate mortgage home loans at an interest rate of 3.312% and an APR yield of 3.048% today. On the other hand, the more flexible, 7 year refinancing adjustable rate mortgage home loan deals can be had at a starting interest rate of 3.562% and an annual return rate of 3.231% to begin with.

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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