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TD Bank Published Same Mortgage Interest Rates on February 3, 2014

TD Bank Published Same Mortgage Interest Rates on February 3, 2014

Business

TD Bank Published Same Mortgage Interest Rates on February 3, 2014

After registering regular fluctuations in terms of interest rates for the past few days, the Canadian Mortgage lender, Toronto Dominion Bank (NYSE: TD) published same mortgage home loan rates on February 3, 2014. The potential borrowers, who are planning on acquiring ideal home loan deals from TD Bank, will find no change in the benchmark 30 year fixed mortgage interest rates this Monday.

Today, according to the newly released mortgage home loan information, the standard 30 year fixed rate mortgages are carrying an interest rate of 4.562% and an APR yield of 4.676% today. On the other hand, the relatively shorter, 15 year fixed rate mortgage home loans are coming out at an interest cost of 3.562% and are accompanied by an APR yield of 3.756% today.

In the adjustable rate mortgage section, the customers can find the ideal 3 year variable rate home loan plans being advertised at an interest rate of 2.688% and carrying an APR yield of 2.938% to begin with. The 5 year adjustable rate mortgage home loans are now tagged at an interest price of 3.188% and an APR yield of 3.0875 today.

In the more flexible lending division, the mortgage shoppers can find the 7 year adjustable rate mortgage home loan plans coming out at a starting rate of 3.438% and an APR yield of 3.240% today. However, the 10 year adjustable rate mortgage home loan deals can be acquired at an interest rate of 3.688% and an APR yield of 3.480% today.

When it comes to refinancing home loan deals, the interested customers can lock in the popular 30 year fixed rate mortgage home loan plans at an interest rate of 4.812% and an APR yield of 4.928%. Alternatively, the short term, 15 year fixed rate mortgage deals can be acquired at a rate of 3.812% and an APR yield of 4.008% today.

As far as the adjustable rate mortgage loans are concerned, the bank now offers its best 5 year refinancing deals at an interest cost of 3.438% and an APR yield of 3.175% during the initial years of the loan. However, the 7 year refinancing ARM home loan deals are coming out at an interest rate of 3.688% and an APR yield of 3.359% to begin with.

The mortgage rates published by banks are normally affected by the changes in the prices of mortgage backed bonds and securities, which normally follow the stock market movements. As the stock market waned at the end of the trading day and left the DJIA index at 15337.70, TD Bank moved along the same road and quotes its rates. The stock price of TD shares increased by +0.54 closer to home and crossed a new price mark of 84.74. 

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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