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Summary of Mortgage Home Loan Rates at TD Bank on March 6, 2014

Summary of Mortgage Home Loan Rates at TD Bank on March 6, 2014

Business

Summary of Mortgage Home Loan Rates at TD Bank on March 6, 2014

The mortgage interest rates, at which the standard home purchase and refinancing loan products are coming out of the Canadian mortgage provider, Toronto Dominion Bank (NYSE: TD), experienced a steep rise on March 6, 2014. Today, the bank chose to defy its steady pricing approach and quoted higher benchmark 30 year fixed mortgage interest rates for the eligible home loan borrowers.

This Thursday, the standard, long term, 30 year fixed rate mortgage home loans deals are being published in the bank’s loan books against an interest rate of 4.438% and are carrying an annual percentage rate of 4.551% today. In the short term home financing section, the 15 year fixed rate mortgage home loan packages are up for grabs at a lending rate of 3.562% and an APR yield of 3.756% today. The customers, who are troubled by the bad credit scores, can spot the FHA backed 30 year fixed rate mortgage loans coming out at an interest rate of 4.000% and an APR yield of 5.155% today.

In the flexible home loan division, the Canadian lender is offering its best 3 year adjustable rate mortgage home loan products at a starting interest cost of 2.688% and an APR yield of 2.839%. On the other hand, 5 year adjustable rate mortgage loans are now being advertised at an interest price of 3.188% and an APR yield of 3.005% to start with.

For the borrowers, who are looking forward to secure ideal home loans at more variable interest rates, the bank is currently offering the 7 year adjustable rate mortgage home loan options at an interest rate of 3.438% and an APR yield of 3.172%. The most flexible, 10 year adjustable rate home loan deals can be secured at an interest cost of 3.688% and an APR yield of 3.431% during the initial years of the home loan.

Shifting sights to the refinancing home loan section, the interested borrowers can find the popular 30 year fixed rate mortgage home loans being advertised at a lending price of 4.688% and being accompanied by an annual return rate to 4.803% today. However, the relatively shorter, 15 year refinancing adjustable rate mortgage home loans can be locked in at an interest rate of 3.812% and an APR yield of 4.008%.

As far as the adjustable rate home loan options are considered, TD bank is currently trading its best 5 year refinancing plans at a lending rate of 3.438% and an APR yield of 3.093% today. However,
the more flexible, 7 year refinancing adjustable rate mortgage home loan options are now tagged with an interest price of 3.688% and offer an APR yield of 3.290% on the initial amount of home loan taken from the bank.

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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