Moving along with every other mortgage provider in America, the Canadian mortgage lender, Toronto Dominion Bank (NYSE: TD) published higher benchmark 30 year fixed mortgage interest rates on February 21, 2014. In the heat of the present day events, the bank presented the eligible borrowers with an unpleasant surprise of increased standard and refinancing mortgage rates this Friday.
Maintaining at pace with the fellow mortgage lenders, TD Bank quoted its standard, long term, 30 year fixed rate mortgage loan options at an interest rate of 4.438%, along with an annual percentage rate of 4.551%. As far as the short term, 15 year, fixed rate mortgage deals are concerned, the interested borrowers can find them being published at a lending rate of 3.562% and an APR yield of 3.756% today.
Coming to the 3/1 adjustable rate mortgages, the bank published its popular loan options at a starting interest rate of 2.562% and an annual percentage rate of 2.812% to start with. The borrowers, who are interested in a bit more flexible, 5 year adjustable rate mortgage plans, would have to deal with an interest cost of 3.062% and agree to a corresponding annual return of 2.961%.
In the more flexible lending division, the interested borrowers can find the best 7 year adjustable rate mortgage home loan packages being advertised at an interest rate of 3.312% and an APR yield of 3.113% to begin with. For the 10 year adjustable rate home loan options, the bank is charging an interest price of 3.562% today and is offering an APR yield equivalent to 3.352% to start with.
The refinancing mortgage options also chose to travel towards the north and did close at a comparatively higher note than yesterday. As of now, the popular 30 year refinancing fixed rate mortgage plans are coming out at an interest rate of 4.688% and an APR yield of 4.803% today. On the other hand, the short term, 15 year refinancing fixed rate home loan packages can be locked in at an interest rate of 3.812% and an annual return rate of 4.008% today.
For the borrowers interested in variable interest rates, the 5 year refinancing ARM options, available at TD Bank, would be an ideal pick at an interest rate of 3.312% to begin with, and an APR yield of 3.048% today. However, the best 7 year refinance adjustable rate mortgage deals are quoted at a starting rate of 3.562% and an annual percentage rate of 3.231% during the early years of the loan.
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.