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Summary of Mortgage Interest Rates at TD Bank on March 28, 2014

Summary of Mortgage Interest Rates at TD Bank on March 28, 2014

Business

Summary of Mortgage Interest Rates at TD Bank on March 28, 2014

After shocking the potential home buyers with a sudden hike in the benchmark 30 year fixed mortgage interest rates yesterday, the Canadian mortgage lender, Toronto Dominion Bank (NYSE: TD) decided to continue trading its ideal home purchase and refinancing home loan deals at unchanged interest rates on March 28, 2014.

According to the most recent mortgage updates available in the market, the standard, long term, 30 year fixed rate mortgage home loans are coming out of TD Bank at an interest rate of 4.500% and are accompanied by an annual percentage rate of 4.612% today. On the other hand, the relatively shorter, 15 year fixed rate mortgage home loans can be locked in at an interest rate of 3.625% and an annual percentage yield of 3.817% this Friday.

The mortgage shoppers, who are finding it difficult to secure conventional home loans due to their poor credit rating in the past or insufficiency of funds to deal with heavy down payment conditions, can reap the benefits of the FHA insured, 30 year fixed rate mortgage home loans offered by the bank at an interest price of 4.125% and an APR yield of 5.283%, relatively higher than the non-FHA home loans.

When it comes to flexible home financing deals, the bank is currently offering its ideal 5 year adjustable rate mortgage home loan deals at an interest price of 3.250% and an annual return rate equivalent to 3.107% to begin with. On the other hand, the more flexible, 7 year adjustable rate mortgage home loan deals can be locked in at an interest rate of 3.500% and an APR yield of 3.268% today.

When it comes to the refinancing home loans plans, the interested customers can spot the 30 year fixed rate mortgage options being traded at an interest of 4.562% and carrying an annual percentage rate of 4.676% today. However, the relatively shorter, 15 year counterparts of the 30 year refinancing fixed rate mortgage home loans can be locked in at an interest rate of 3.688% and an annual return rate of 3.883% on the basic amount of loan acquired from the bank.

As far as the variable rate mortgages are considered, the ideal 5 year adjustable rate home loans are now tagged with an interest price of 3.312% and an APR yield of 3.312% during the starting years of the loan tenure. On the other hand, the more flexible, 7 year adjustable rate mortgage home loans can be locked in at a starting interest rate of 3.562% and an APR yield of 3.299% to begin 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.

About Stephany Wilson

Stephany Wilson covers business and finance related news.

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