This Thursday, the potential mortgage shoppers, who are planning on having the realty investment and refinancing needs fulfilled through the popular Canadian mortgage lender, Toronto Dominion Bank (NYSE: TD), will find no change in the benchmark 30 year fixed interest rates. As per the most recent mortgage data released by the bank on August 7, 2014, the qualified borrowers can secure required funds without worrying about burning a hole in their pocket.
As of now, the standard, long term, 30 year fixed rate mortgage home loans are coming out at an interest rate of 4.375% and are backed by an annual percentage rate of 4.493%. For the seekers of shorter and relatively inexpensive home financing deals, 15 year fixed rate mortgage home loans are now listed in the bank’s books at an interest rate of 3.625% and an annual return rate of 3.828% this Thursday.
As far as variable rate home loan options are concerned, the bank is now offering its best 3 year adjustable rate mortgage home loan deals at a starting interest rate of 2.875% and an annual percentage yield of 2.983% to start with. The relatively more flexible, 5 year adjustable rate mortgage home loans can now be locked in at an interest price of 3.250% and an annual percentage rate of 3.114% today.
In the more flexible home loan division, the interested customers can spot the 7 year adjustable rate mortgage home loan plans being traded at an interest cost of 3.500% and an APR yield of 3.274% to start with. The most flexible, 10 year adjustable rate mortgage home loan options are also highlighted in the bank’s loan portfolio at a lending rate of 3.625% and are carrying an APR yield of 3.445% on the principal amount of home loan sanctioned by the bank.
In refinancing home loan arena, the customers, who are planning on refinancing their current investments, can find the popular 30 year fixed rate mortgage home loans being advertised at an interest rate of 4.438% and an APR yield of 4.558% today. The short term, 15 year refinancing fixed rate mortgage loans, are now up for grabs at an interest rate of 3.688% and an APR yield of 3.894% this Thursday.
Heading towards the adjustable rate mortgage loan section, the bank now offers its 5 year refinancing deals at a starting interest rate of 3.312% and an APR yield of 3.137% today. The more flexible, 7 year refinancing adjustable rate mortgage home loan packages can now be locked in at an interest rate of 3.562% and an APR yield of 3.305% during the starting years of the home loan period.
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.