Following a different approach, the Canadian mortgage lender, Toronto Dominion Bank (NYSE: TD) made no change to the interest rates at which its standard home purchase and refinancing deals are coming out on February 10, 2014. The potential borrowers, who are looking forward to stop by the local branches of the bank, will find no relative change in the benchmark 30 year fixed mortgage interest rates this Monday.
Beginning with the standard, long term home loan offerings, the bank is currently providing its 30 year fixed rate mortgage home loans at an interest rate of 4.438% and an annual percentage rate of 4.551% today. On the other hand, the relatively shorter, 15 year fixed rate home loan offerings are being traded at a lending price of 3.562% and an APR yield of 3.756% today.
In the adjustable rate mortgage division, the seekers of variable interest rates can spot the ideal 5 year flexible home loan packages being published against a lending charge of 2.688% and carrying an annual percentage rate of 2.938% to begin with. However, the 5 year adjustable rate mortgage deals are now carrying a starting interest rate of 3.062% and are backed by an APR yield of 3.043%.
For the borrowers interested in more flexible home loan rates, the bank is currently offering its 7 year adjustable rate mortgage home loans at an interest rate of 3.438% and an annual return rate of 3.240% on the initial amount of home loan taken from the bank. The 10 year adjustable rate mortgage plans are now coming out at an interest cost of 3.688% and an annual return rate of 3.480%.
When it comes to refinancing home loan deals, the bank is currently offering its popular 30 year fixed rate mortgage loans at an interest rate of 4.688% and an annual percentage rate of 4.803% today. On the other hand, the somewhat shorter, 15 year refinancing fixed rate mortgage packages can be locked in at an interest rate of 3.812% and an APR yield of 4.008% today.
As far as the adjustable rate mortgage options are considered, the potential borrowers can go for the ideal 5 year refinancing home loan deals, which are now coming out at an interest rate of 3.312% and are backed by an APR yield of 3.131% to begin with. However, the more flexible, 7 year refinancing adjustable rate mortgage packages are carrying an interest tag of 3.688% and an APR yield of 3.359% today.
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.