Considering the current market scenario, where mortgage lenders make several attempts to ensure that interest rates remain well within the acceptable limits, the popular Canadian lender, Toronto Dominion Bank (NYSE: TD), managed to keep its benchmark 30 year fixed mortgage interest rates unchanged on August 25, 2014. Today, mortgage shoppers will find no change in the standard home purchase as well as refinancing home loans as compared to yesterday.
A closer look at the most up to date mortgage data provided by the lender will reveal that the standard, long term, 30 year fixed rate mortgage home loans are still traded at an interest rate of 4.250% and an annual percentage rate of 4.367%. The relatively shorter, 15 year fixed rate mortgage home loan deals are now up for grabs at an interest rate of 3.500% and an annual return rate of 3.702%.
For the seekers of flexible interest rates, the bank now offers its best 3 year adjustable rate mortgage home loan packages at a starting interest rate of 2.875 % and an annual return percentage of 2.884% to start with. The 5 year adjustable rate mortgage home loan deals are now available for an interest price of 3.375% and an APR yield of 3.075% during the initial years of the home loan period.
The borrowers, who are looking for more flexibility in terms of interest rates, can opt for the 7 year adjustable rate mortgage home loan deals, which are now being advertised at an interest rate of 3.500% and are accompanied by an APR yield of 3.206% today. The 10 year adjustable rate mortgage home loan deals can now be locked in at an interest cost of 3.625% and an APR yield of 3.396% to begin with.
In the refinancing mortgage arena, the potential customers can secure the popular 30 year fixed rate mortgage home loans by bearing a lending charge of 4.312% and an APR yield of 4.431% today. The relatively shorter, 15 year refinancing fixed rate mortgage home loans are now coming out at an interest rate of 3.562% and an APR yield of 3.767% today.
As far as the adjustable rate mortgage home loan rates are concerned, the mortgage shoppers can find the best 5 year refinancing deals being advertised at a starting interest rate of 3.438% and an APR yield of 3.099% today. The more flexible, 7 year refinancing adjustable rate mortgage deals can now be secured at a starting rate of 3.562% and an APR yield of 3.237%.
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.