Flowing along its steady pricing stream, the popular Canadian lender, Toronto Dominion Bank (NYSE: TD), did not make any change to its benchmark 30 year fixed mortgage interest rates on June 12, 2014. This Thursday, the qualified borrowers, who are planning on securing new home purchase loans or standard refinancing home loan deals, will find the ideal packages being traded at same interest rates as yesterday.
For the borrowers interested in more flexible interest rates, the 7 year adjustable rate mortgage home loans are now available at an interest rate of 3.500% today and are carrying an APR yield of 3.025% during the starting years of the home loan tenure. The most flexible, 10 year adjustable rate loans can be locked in at an interest rate of 3.750% and are backed by an APR yield of 3.468% today.
For the borrowers, who are planning on refinancing their existing realty investments, the bank offers its popular 30 year fixed rate mortgage home loan plans at an interest rate of 4.438% and an annual return rate of 4.551%. The relatively shorter, the 15 year refinancing fixed rate mortgage home loans are up for grabs at a lending rate of 3.688% and an annual percentage yield of 3.883%.
As far as adjustable rate financing options are concerned, borrowers can spot the 5 year refinancing deals being advertised at a starting interest rate of 3.312% and carrying an APR yield of 3.048%. The more flexible, 7 year refinancing adjustable rate mortgage options can now be locked in at an interest rate of 3.562% today and are backed by an APR yield of 3.231% today.