Following the lead of several mortgage lenders, the popular Canadian lender, Toronto Dominion Bank (NYSE: TD), decided to quote unchanged benchmark 30 year fixed mortgage interest rates on July 16, 2014. The eligible mortgage shoppers, who are looking forward to visit the local branches of TD bank today, will find the standard new home purchase and ideal refinancing mortgage deals being traded at the same lending rates as yesterday.
For the borrowers who are seeking more flexible home loan packages, the bank now offers its 7 year adjustable rate mortgage home loan packages at a starting interest rate of 3.375% and an annual percentage rate of 3.147% to start with. The 10 year adjustable rate mortgage home loans can now be seen listed in the bank’s books at a starting lending rate of 3.625% and an annual return rate of 3.396% today.
When it comes to refinancing home loan deals, the potential home buyers can lock in the popular 30 year fixed rate mortgage plans by bearing an interest rate of 4.312% and an APR yield of 4.431% today. The relatively shorter, 15 counterparts of the 30 year refinancing fixed rate mortgage home loans are now up for grabs at an interest rate of 3.562% and an annual return rate of 3.767%.
As far as the variable rate mortgage loans go, the Canadian lender offers 5 year refinancing home loan deals at a starting interest rate of 3.312% and an APR yield of 3.054% during the initial years of the home loan tenure. The more flexible, 7 year refinancing flexible rate home loans are now quoted at an interest rate of 3.438% and an APR yield of 3.178% to start with.