The interest rates on the new home purchase and refinancing loan options available at Toronto Dominion Bank (NYSE: TD) showed some signs of improvement on December 11, 2013. According to the recent observations, the potential customers will now find the benchmark 30 year fixed mortgage interest rates wandering around lower levels this Wednesday, after showing a mixed response yesterday.
The standard 30 year fixed rate mortgage loans have now been quoted at an interest rate of 4.370% and an annual percentage rate of 4.483% today. As far as the short term, 15 year fixed rate mortgage loans are considered, their lending rate moved down to about 3.918% today, and are accompanied by a good APR yield of 4.114%.
The picture is somewhat similar in case of home loan deals with variable interest rates, where the best 3 year adjustable rate mortgage loans are now published at 2.702% and carry an APR yield of 3ARMPA@. The slightly more flexible, 5 year adjustable rate mortgage loans carry an interest rate of 3.196% and are backed by an APR yield of 5ARMPA@.
For the borrowers who are not satisfied with this much flexibility, the 7 year ARM loans can prove to be an ideal choice at an interest rate of 3.564% and an APR yield of 7ARMPA@. In case of the most flexible financing options, the 10 year adjustable rate mortgage loans can be had at an interest rate of 3.904% and come along with an APR yield of 10ARMPA@ today.
In the refinancing arena, the interested customers can fulfill their monetary needs by going for the standard 30 year refinancing fixed rate mortgage loans that carry an interest rate of 4.6205 and yield an APR of 4.734%. In the short term refinancing category, the potential borrowers can acquire 15 year refinancing FRM plans by bearing a lending charge of 4.168% and an APR yield of 4.366%.
As far as the adjustable rate mortgage deals are considered, refinancing loans available in the 5 year category are coming out at 3.446% and carry an APR yield of 5ARMRA@. On the other hand, the 7 year ARM deals are now published against a lending rate of 3.814% and come along with an APR yield of 7ARMRA@.
According to a recent market survey, the Toronto Dominion Bank has surpassed the Royal Bank of Canada and has become the largest bank on US Expansion this year. Though Royal Bank of Canada remains number one in terms of market value, with the total asset treasure of $814.3 billion, TD Bank has outdone RBC in the United States lending market.
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.