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Summary of Mortgage Home Loan Rates at TD Bank on April 15, 2014

Summary of Mortgage Home Loan Rates at TD Bank on April 15, 2014

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Summary of Mortgage Home Loan Rates at TD Bank on April 15, 2014

Summary of Mortgage Home Loan Rates at TD Bank on April 15, 2014Moving along its usual course, the Canadian lender, Toronto Dominion Bank (NYSE: TD), decided to keep its benchmark 30 year fixed mortgage interest rates unchanged on April 15, 2014. As per the most up to date mortgage data available in the market today, the standard home purchase and the refinancing home loan deals are coming out at same interest rates as yesterday.

To start with, in the long term financing department, the bank offers its standard, 30 year fixed rate mortgage home loans deals at an interest rate of 4.500% and an annual percentage rate of 4.928% today. However, the borrowers, who are interested in taking the short cut to finance their realty investment, will have to pay an interest price of 3.500% and agree to an annual return rate of 3.691% for acquiring the best 15 year fixed rate mortgage home loan options today.

The customers, who are facing troubles in acquiring conventional home loans due to their poor credit score of the past or insufficient funds to service the expensive down payment, can pick the FHA insured 30 year fixed rate mortgage home loans, which are now offered by TD bank at an interest price of 4.125% and an APR yield of 5.283% today.

Heading towards the adjustable rate mortgage section, the Canadian lender offers its best 3 year home loan deals at an interest rate of 2.625% and an APR yield of 2.824% to begin with. However, the relatively more flexible, 5 year adjustable rate mortgage home loan plans are now quoted at an interest rate of 3.125% and are backed by an annual return of 2.981% on the principal amount of home loan taken from the bank.

For the borrowers, who are interested in more flexible rates of interest, the 7 year adjustable rate home loan schemes would be an ideal pick at a lending rate of 3.375% and an APR yield of 3.141% during the starting years of the home loan tenure. Likewise, the most flexible, 10 year variable rate mortgage loan schemes are now being traded at an interest cost of 3.625% and an APR yield of 3.389%.

The mortgage rates quoted by banks often move up and down on the basis of price changes in the mortgage backed bonds and securities, which generally move along the stock market movements. As the Wall Street waned towards the end of the trading day and left the DJIA index at 15337.70, TD Bank took the lead and quoted its lending rates accordingly. However, the stock prices TD shares increased by +0.64% and reached a new price mark of 84.74.

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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