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TD Bank Lowers its Mortgage Home Loan Rates on December 30, 2013

TD Bank Lowers its Mortgage Home Loan Rates on December 30, 2013


TD Bank Lowers its Mortgage Home Loan Rates on December 30, 2013

TD Bank Lowers its Mortgage Home Loan Rates on December 30 2013Toronto Dominion Bank (NYSE: TD) lowered benchmark 30 year fixed mortgage interest rates on December 30, 2013. The potential borrowers will find the best home purchase and refinancing loans listed at lower interest rates this Monday, which might be helpful in increasing the demand of TD Bank’s loan options in the mortgage market today.

Today, the interested customers can obtain the standard, long term, 30 year fixed rate mortgage home loans at a rate of 4.812% and an annual percentage rate of 4.928%. However, the short term, 15 year fixed rate mortgage loan deals can be found published at a rate of 3.688% in the bank’s loan portfolio and carry an annual return of 3.883% today.

When talking about the refinancing loan options, the Canadian lender provides 30 year fixed rate mortgage loans at an interest rate of 5.062% and an annual return rate of 5.180% today. Alternatively, the 15 year refinancing fixed rate mortgage home loans can be acquired by paying a lending cost of 3.938% and enjoying an annual yield of 4.134% on the initial amount of loan taken from the bank.

The home purchase and refinancing mortgage interest rates generally go up and down on the basis of the price changes in the mortgage backed financial securities traded by the banks in the financial markets, which trail the stock market movements on any normal trading day.

Today, as the stock market fell by -0.73% and left the DJIA index hanging around 15337.70, TD Bank followed the movement blindly and published its mortgage interest rates accordingly. However, regardless of the mortgage rates, the stock price of TD shares increased by +0.64% and reached a new price mark of 84.74 by the end of the trading day.

Lately, the Vero Beach branch of TD Bank was robbed by a masked robber who flew from the site with an unidentified amount of money. According to the sheriff, the robber was a white male in his forties, who after taking cash from the bank, flew on the 1238 US Highway 1.

According to the CCTV camera footage, the suspect was wearing a long sleeve brown collared shirt, dark pants, a blue ball cap and had his face covered. The deputies could not trace the thief after he fled in his car from the site with an undisclosed amount of cash.

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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