Moving along a different path as compared to its fellow market players, the Canadian mortgage lender, Toronto Dominion Bank (NYSE: TD), chose to make no change to its benchmark 30 year fixed mortgage interest rates on March 4, 2014. The interested mortgage shoppers can enjoy a sigh of relief after spotting the ideal home purchase and refinance home loan deals sitting next to the same interest rates today.
A closer look at the new home loan information made available by the bank for public will reveal that the standard, long term, 30 year fixed rate mortgage home loans are still being traded at an interest rate of 4.312% and are accompanied by an annual percentage yield of 4.424% today. However, in the short term home loan section, the bank is currently offering its best, 15 year fixed rate mortgage home loan packages at a lending rate of 3.438% and an APR yield of 3.632%.
When it comes to the adjustable rate mortgage lending options, the potential customers can spot the best 3 year variable rate home loans being traded at a starting interest price of 2.562% and carrying an APR yield of 2.812% to begin with. On the contrary, the 5 year adjustable rate home loan plans can be had at an interest cost of 3.062% and an APR yield of 2.961% this Tuesday.
On the other hand, the mortgage shoppers, who are looking forward to enjoy more flexibility in terms of interest rates, can go for the ideal 7 year adjustable rate mortgage home loans, which are now advertised at an interest cost of 3.312% and an APR yield of 3.113%. Alternatively, the 10 year adjustable rate mortgage home loans can now be acquired at a lending cost of 3.562% and an APR yield of 3.352% to start with.
Turning heads towards the refinancing loan section, the mortgagors can spot the popular 30 year fixed rate home loan plans published in the loan books against an interest rate of 4.562% and an APR yield of 4.676%. On the other hand, the relatively shorter, 15 year counterparts of the 30 year refinancing fixed rate mortgage home loan schemes can be locked in at an interest cost of 3.688% and an APR yield of 3.883%.
As far as the flexible home financing options, the interested loan borrowers can find the best 5 year refinancing deals being tagged at an interest price of 3.312% and carrying an APR yield of 3.048%. Alternatively, the more flexible, 7 year refinancing adjustable rate mortgage home loan plans, are up for grabs at an interest rate of 3.562% and an APR yield of 3.231% to start 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.