Moving along the usual lines and following the normal pricing approach, the Canadian mortgage provider, Toronto Dominion Bank (NYSE: TD), did not make any change to its benchmark 30 year fixed mortgage interest rates on April 9, 2014. Today, in the latest mortgage information released by the bank, the ideal home purchase and refinancing home loan deals are being traded at the same interest rates as yesterday, which is certainly a pleasant piece of news for the borrowers.
With regards to the standard, long term home loan options, the bank is charging an interest rate of 4.652% from and offering an annual percentage rate of 4.738% to the borrowers, who are interested in securing 30 year fixed rate mortgage deals today. On the other hand, for the borrowers interested in relatively shorter lending options, the bank offers its 15 year fixed rate mortgage home loans at an interest price of 3.500% and an annual percentage yield of 3.691% today.
In the adjustable rate mortgage division, the mortgage shoppers can spot the best 3 year variable rate home loan plans being traded at an interest cost of 2.750% and an APR yield of 2.851% to start with. However, the 5 year adjustable rate mortgage home loans are now tagged with an interest price of 3.125% and are offering an APR yield of 2.981% during the starting years of the home loan.
For the borrowers, with more flexible lending needs, the bank publishes 7 year adjustable rate mortgage home loan schemes in its loan portfolio at a starting interest rate of 3.500% and an APR yield of 3.200% today. Alternatively, the 10 year adjustable rate mortgage home loan packages can be seen listed at an interest rate of 3.750% and an APR yield of 3.468% on the principal amount of home loan taken from the bank.
Heading towards the refinancing home loan segment, the interested borrowers can spot the popular 30 year fixed rate mortgage home loan options being traded at an interest rate of 4.688% and an APR yield of 4.803%. On the other hand, the short term, 15 year fixed rate mortgage deals can be locked in at a lending rate of 3.562% and an APR yield of 3.756% this Wednesday.
When it comes to the adjustable rate home financing plans, the bank is currently offering its best 5 year refinancing deals at an interest rate of 3.188% and an APR yield of 3.005% during the starting years of the loan tenure. However, the 7 year refinancing adjustable rate mortgage home loans can be acquired 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.