As per the most recent mortgage information made available by the Canadian mortgage provider, Toronto Dominion Bank (NYSE: TD), the benchmark 30 year fixed mortgage interest rates are holding firm on May 5, 2014. This Monday, the interest mortgage shoppers, who are planning on acquiring standard home purchase or refinancing home loan deals to finance their realty investments, will find no change in the mortgage interest rates as compared to the previous trading week.
When it comes to the flexible home loan options, the interested borrowers can spot the best 3 year adjustable rate mortgage plans being traded at an interest rate of 2.750% and an APR yield of 2.851% during the starting years of the tenure period. On the other hand, the 5 year adjustable rate mortgage home loan schemes can now be locked in at an interest rate of 3.250% and are backed by an annual return rate of 3.025% to start with.
However, as far as more flexible home financing options are considered, the 7 year adjustable rate mortgage home loan schemes are coming out at a starting interest cost of 3.500% and an annual percentage yield of 3.200% today. On the contrary, the 10 year adjustable rate mortgage home loan packages can be secured at an interest rate of 3.750% and an annual percentage yield of 3.468% this Monday.
For the mortgage shoppers, who are planning on refinancing their present realty investments, the bank offers its popular 30 year fixed rate mortgage loans at an interest rate of 4.562% and an APR yield of 4.676% today. Alternatively, the short term, 15 year, refinancing fixed rate mortgage home loan deals are now up for grabs at an interest rate of 3.688% and an APR yield of 3.883% today.
As far as the adjustable rate mortgage loans are concerned, the 5 year refinancing home loan plans can be locked in at an interest rate of 3.312% and an APR yield of 3.048% today. On the other hand, the more flexible, 7 year refinancing adjustable rate mortgage home loan options can be secured at an interest cost of 3.562% and an APR yield of 3.231% this Monday.