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TD Bank Increased its Mortgage Interest Rates on December 17, 2013

TD Bank Increased its Mortgage Interest Rates on December 17, 2013

Business

TD Bank Increased its Mortgage Interest Rates on December 17, 2013

TD Bank Increased its Mortgage Interest RatesThe benchmark 30 year fixed mortgage interest rates were raised further by the lender on December 17, 2013, making their loan schemes less popular in the market in comparison to the offers provided by other major lenders.

Having a peek in the long term financing category of TD Bank, the customers can spot the standard 30 year fixed rate mortgage home loans published at a higher interest cost of 4.562% and carrying an annual percentage yield of 4.676% today.  In the short term lending division, the bank offers its best 15 year fixed rate mortgage loans at an interest cost of 3.562% and an APR return of 3.756% to start with.

In the refinancing arena, the 3 year adjustable rate mortgage deals can be acquired by bearing a starting variable interest charge of 2.688% and an APR yield of 3ARMPA@. Those interested in the 5 year adjustable rate mortgage packages get ready to pay an interest charge equivalent to 3.188% today and enjoy an APR yield of 5ARMPA@.

For the seekers of more flexible home loan deals, the 7 year adjustable rate mortgage loans can be obtained at an interest rate of 3.438%, which come along with an APR yield of 7ARMPA@ on the initial amount of loan. The most flexible, 10/1 adjustable rate mortgage packages are up for grabs at a lending rate of 3.688% and are currently accompanied by an APR yield of 10ARMPA@.

Looking at the present state of the refinancing schemes available at TD Bank, the standard 30 year fixed rate mortgages can be seen traded at a rate of 4.812% and an APR yield of 4.928% today. On the contrary, the shorter, 15 year refinancing fixed rate mortgage home loans are quoted against a lending charge of 3.812% and come along with an APR yield of 4.008% to start with.

When it comes to the adjustable rate mortgage plans, the 5 year refinancing deals can be procured by dealing with an interest cost of 3.438%, which come along with an APR yield of 5ARMRA@. The more flexible, 7 year refinancing adjustable rate mortgage loans are now up for grabs at a lending cost of 3.688% and carry an APR of 7ARMRA@.

Since the mortgage rates change on the basis of price fluctuations in the MBS’s caused by stock market movements, TD Bank published its rates following the sudden fall of -0.73% in the DJIA index. However, the TD stock prices performed really well and moved higher by +0.64% to touch a mark of 84.74 by the end of the trading day.

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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