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TD Bank Raised its Mortgage Interest Rates on December 12, 2013

TD Bank Raised its Mortgage Interest Rates on December 12, 2013

Business

TD Bank Raised its Mortgage Interest Rates on December 12, 2013

TD Bank Raised its Mortgage Interest Rates on December 12 2013After showing a mixed response for the past couple of days, the mortgage interest rates, at which new home purchase and refinancing loan options are traded at Toronto Dominion Bank (NYSE: TD) on December 12, 2013, elevated further to a new level. Today, the bank published higher benchmark 30 year fixed mortgage rates and made the financing options less attractive for the potential customers.

According the recently released rate charts, the standard 30 year fixed rate mortgage loans are coming out at an interest rate of 4.400% today and are backed by an annual percentage rate of 4.513%. In the short term financing division, the bank offers 15 year fixed rate mortgage deals at an interest cost of 3.902%, which come along with an APR yield of 4.098% to start with.

In the adjustable rate mortgage department, the customers can find 3 year deals listed at a rate of 2.664% and carrying an APR yield of 3ARMPA@. On the other hand, the 5 year adjustable rate mortgage deals are offered by the Canadian lender against a lending charge of 3.160% and an APR yield of 5ARMPA@.

For the borrowers who are seeking more flexibility in terms of lending rates, the bank caters to their needs by providing the 7 year adjustable rate mortgage loans at an interest cost of 3.520% and an APR yield of 7ARMPA@. The most flexible, 10 year flexible rate mortgage home loans are up for grabs at a rate of 3.880% today and carry an APR yield of 10ARMPA@.

As far as the refinancing options are considered, the customers can find the standard 30 year fixed rate mortgage loans quoted at an interest cost of 4.650% and carrying an APR yield of 4.765%. For the seekers of short term refinancing loans, the bank provides 15 year fixed rate mortgage deals at a charge of 4.152%, which is backed by an APR yield of 4.349%.

The mortgagors who are looking forward to enjoy flexible rates of interests, TD Bank’s 5 year refinancing adjustable rate mortgage loans can be obtained by bearing an interest burden of 3.410% today and an APR yield of 5ARMRA@ to start with. On the other hand, the more flexible, 7 year refinancing adjustable rate mortgage loans are published at an interest charge of 3.770% and carry an APR yield of 7ARMRA@.

After trading at a historically low level for the past few days, Toronto Dominion Bank’s stock received a ‘sector outperform’ rating from the stock analysts working at CIBC earlier this week. The regular drop in prices, the lower price-earnings ratio and the recent announcement of quarterly dividend are some factors that have earned TD bank the title of sector outperform this week.

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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