After rowing along a steady stream for the past few days, the Canadian mortgage lender, Toronto Dominion Bank (NYSE: TD), decided to keep its interest rates unchanged on February 11, 2014. The eligible borrowers, who plan on visiting the local branches of TD bank this Tuesday, will find no relative change in the benchmark 30 year fixed mortgage interest rates, and can acquire the ideal home finance packages at old rates.
Starting with the standard, long term financing options, the potential home buyers can secure the 30 year fixed rate mortgage home loan packages at an impressive interest rate of 4.438% and an annual percentage rate of 4.551% today. On the other hand, the relatively shorter, 15 year fixed rate mortgage home loans can be had by bearing an interest price of 3.438% and an annual percentage rate of 3.632% today.
In the adjustable rate mortgage division, the interested borrowers can lock in the best 3 year variable rate home loans at a starting interest rate of 2.562% and an annual return of 2.910% to begin with. However, the 5 year adjustable rate mortgage home loans can be acquired at an interest rate of 3.062% and an annual percentage yield of 3.043% today.
For the seekers of more flexible interest rates, the bank is now offering its 7 year adjustable rate mortgage deals at a starting interest rate of 3.312% and an APR yield of 3.181% to begin with. However, the most flexible, 10 year adjustable rate mortgage packages can be locked in at an interest rate of 3.562% and an APR yield of 3.401% on the initial amount of loan taken from the bank.
When it comes to refinancing mortgage options, the potential borrowers can find the best 30 year fixed rate mortgage home loan deals coming out at an interest rate of 4.688% and carrying an annual percentage yield of 4.8035 today. In the short term section, the borrowers can acquire the 15 year refinancing adjustable rate mortgage deals at a lending rate of 3.688% and an APR yield of 3.883% today.
As far as the adjustable rate mortgage home loans are considered, the bank is currently offering its best 5 year refinancing deals at a starting interest cost of 3.312% and an APR yield of 3.131% today. However, the more flexible, 7 year refinancing adjustable rate home loans can be acquired by bearing an interest cost of 3.562% today and enjoying an APR yield of 3.299% during the initial years of the home loan.
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.