At the popular Canadian mortgage lender operating in the US, Toronto Dominion Bank (NYSE: TD), the benchmark 30 year fixed mortgage interest rates did not experience any change on June 10, 2014. The qualified borrowers, who are planning on securing ideal home purchase or refinancing home loan from TD Bank this Tuesday, will find no change in the mortgage interest rates as compared to yesterday.
As per the most recent mortgage information released by the bank this Tuesday, the standard, long term, 30 year fixed rate mortgage home loans are now being traded at an interest rate of 4.375% and are backed by an annual percentage rate of 4.486%. The short term, 15 year fixed rate mortgage home loan deals are now traded at a lending rate of 3.500% and an annual return rate of 3.691%.
Sometimes, the customers find it difficult to secure conventional home loans owing to their bad credit score or their inability to service expensive down payments. For such customers, the bank offers its FHA insured 30 year fixed rate mortgage home loans at an interest rate of 3.875% and an annual return rate of 5.023%., which is certainly higher than the rate offered by other loan deals.
For the seekers of flexible home loan offers, the bank provides its 5 year adjustable rate mortgage home loans at a starting lending rate of 3.125% and an annual percentage yield of 2.981%. In the more flexible home financing division, the bank quotes its 7 year adjustable rate mortgage packages at an interest rate of 3.375% and an annual percentage return of 3.141% today.
Heading towards the refinancing home loan section, the popular 30 year fixed rate mortgage home loan deals are now coming out at an interest rate of 4.438% and an APR yield of 4.551%. For the borrowers interested in short term deals, the 15 year refinancing fixed rate mortgage loans are coming out at an interest rate of 3.562% and are carrying an APR yield of 3.756%.
When it comes to adjustable rate mortgage refinancing options, the 5 year refinancing deals are now offered at an interest cost of 3.188% and are backed by an APR yield of 3.005%. In the more flexible home loan section, 7 year, refinancing adjustable rate mortgage schemes are quoted at an interest rate of 3.438% and are backed by an APR yield of 3.438% during the starting years of the home loan period.
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.