Maintaining its usual pace, the Canadian lender, Toronto Dominion Bank (NYSE: TD), decided to keep its benchmark 30 year fixed mortgage interest rates unchanged on April 18, 2014. According to the most up to date mortgage information made available to the customers, the standard home purchase and refinancing mortgage deals are still coming out at the same interest rates as yesterday, which is surely going to affect the overall demand of TD loan products in the market, where several other lenders have quoted increased rates today.
As of now, in the standard, long term home loan section, the interested customers can spot the 30 year fixed rate mortgage deals being listed at an interest rate of 4.500% and carrying an annual percentage rate of 4.612%. On the other hand, for the home loan seekers, who are planning on heading down the shorter route, the bank offers its 15 year fixed rate mortgage home loan deals at an interest price of 3.500% and an annual percentage yield of 3.691% today.
The mortgage borrowers, who are facing difficulties in securing conventional home loans, owing to their poor credit score of the past, or their inability to service expensive down payment requirements, can reap the benefits of the FHA insured 30 year fixed rate mortgage home loans, which are now being traded at an interest rate of 4.000% and carrying an APR yield of 5.153% this Friday.
In the variable rate mortgage section, the mortgage shoppers can spot the best 5 year adjustable rate home loans being traded at an interest rate of 3.125% and carrying an annual return rate of 2.981% to start with. On the other hand, the more flexible, 7 year adjustable rate mortgage loan deals are up for grabs in at a lending rate of 3.375% and an APR yield of 3.141% during the initial years of the home loan period.
Shifting towards the refinancing arena, the borrowers can spot the popular 30 year fixed rate mortgage home loans being traded at an interest rate of 4.562% and carrying an APR yield of 4.676% this Friday. Alternatively, the short term, 15 year counterparts of the 30 year refinancing fixed rate mortgage loans can now be locked in at an interest rate of 3.562% and an APR yield of 3.756%.
When it comes to flexible refinancing home loans deals, the bank offers its best 5 year adjustable rate mortgage deals at an interest rate of 3.188% and an APR yield of 3.005% to start with. On the other hand, the more flexible, 7 year refinancing adjustable rate mortgage home loans are coming out at an interest price of 3.438% and an APR yield of 3.172% today.