With market going through a bit of turmoil after the unpredictable fall in the quarterly earnings of the four banking titans, the Canadian mortgage lender, Toronto Dominion Bank (NYSE: TD) managed to hold on to its pricing approach and publish unchanged benchmark 30 year fixed mortgage interest rates on April 16, 2014. In the heat of the ongoing market changes, TD Bank did not made any alternations to the lending rates at which home purchase and refinancing home loans are being traded today.
Coming to the flexible home loan section, the bank highlights its popular 3 year adjustable rate mortgage loan options at a starting interest rate of 2.750% and an annual percentage yield of 2.851% to begin with. For the borrowers, who are seeking a bit of more flexibility in terms of interest rates, 5 year adjustable rate mortgage plans would be an ideal choice at an interest cost of 3.250% and an annual return rate of 3.025% today.
In the more flexible home loan section, the mortgage shoppers can find the best 7 year adjustable rate mortgage home loan deals being traded at an interest rate of 3.500% and backed by an APR yield of 3.200% to start with. For the most flexible, 10 year adjustable rate home loan options, the borrowers will have to deal with an interest price of 3.625% and agree to an APR yield of 3.389% during the starting years of home loan period.
As far as the refinancing mortgage options are considered, the popular 30 year fixed rate mortgage plans are now coming out at an interest rate of 4.562% and carrying an APR yield of 4.676% today. Alternatively, the short term, 15 year counterparts of the 30 year refinancing fixed rate home loan plans are up for grabs at an interest rate of 3.562% and an annual return rate of 3.756% today.
When it comes to the variable interest rate deals, 5 year refinancing adjustable rate mortgage options would be an ideal pick at a lending rate of 3.312% and an APR yield of 3.048% to begin with. On the other hand, the best 7 year refinance adjustable rate mortgage deals can now be locked in at an interest rate of 3.562% and an APR yield of 3.231%.