Unlike several other mortgage lenders, the Canadian mortgage provider, Toronto Dominion Bank (NYSE: TD), made no change to its benchmark 30 year fixed mortgage interest rates on May 13, 2014. According to the latest mortgage information released by the bank this Tuesday, the new home purchase as well as refinancing deals can be spotted sitting next to same interest rates as yesterday.
With regards to the standard, long term home loan offerings, the bank now publishes its 30 year fixed rate mortgage home loans at an interest rate of 4.375% and an annual percentage rate of 4.486% today. For the seekers of short term home loan schemes, the 15 year fixed rate mortgage plans would be ideal options at an interest rate of 3.500% and an annual percentage yield of 3.691% this Tuesday.
Heading towards the variable rate home loans section, the bank is advertises its 3 year adjustable rate mortgage deals at a starting interest rate of 2.750% and an APR yield of 2.851%. The relatively more flexible, 5 year adjustable rate mortgage home loan schemes can be locked in at an interest rate of 3.125% and an annual return rate of 2.981% to start with.
In the more flexible lending section, the interested home loan seekers can spot the 7 year adjustable rate home loan being traded at an interest rate of 3.375% and an APR yield of 3.141% during the initial years of the home loan tenure. The most flexible, 10 year adjustable rate home loan options are coming out at an interest cost of 3.625% today, along with an annual percentage rate of 3.389% to begin with.
In the refinancing home loan arena, the mortgage provider is offering its popular 30 year fixed rate mortgage home loan packages at an interest rate of 4.438% and an APR yield of 4.551% today. The relatively shorter, 15 year counterparts of the 30 year refinancing fixed rate home loans can now be locked in at an interest rate of 3.562% and an APR yield of 3.756% this Tuesday.
For the seekers of more flexibility in terms of interest rates, the 5 year refinancing adjustable rate mortgage loans are being offered at an interest rate of 3.188% and an APR yield of 3.005% to start with. The more flexible, 7 year refinancing adjustable rate mortgage loan deals are now up for grabs at a lending cost of 3.438% and an APR yield of 3.172% on the principal amount of home loan secured from the bank.
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.