This Thursday brought along a bad piece of news for the borrowers planning on visiting the Canadian mortgage provider, Toronto Dominion Bank (NYSE: TD) in search of ideal home finances. As of now, the bank quoted a bit higher benchmark 30 year fixed mortgage interest rate in the most up to date mortgage information released on May 8, 2014, thereby causing a distress in the overall demand of TD loan products in the market.
When it comes to the adjustable rate mortgage lending section, the 3 year variable rate home loan deals are being traded at a starting interest rate of 2.750% and are carrying an annual percentage rate of 2.851% today. On the contrary, the 5 year adjustable rate home loan packages are up for grabs at an interest rate of 3.125% and an annual percentage yield of 2.981% to start with.
For the potential home buyers, who are looking for more flexibility in terms interest rates, the bank is offering its best 7 year adjustable rate mortgage home loans at an interest rate of 3.500% and an APR yield of 3.200% to start with. The 10 year adjustable rate home loan options can be locked in at an interest rate of 3.625% and an APR yield of 3.389% this Thursday.
When it comes to the refinancing the current realty investments, bank aims at catering to the needs of its customers by offering the 30 year fixed rate mortgage deals at an interest price of 4.562% and an APR yield of 4.676%. On the other hand, the short term, 15 year refinancing fixed rate mortgage home loan packages can be secured at an interest rate of 3.688% and an annual percentage yield of 3.883% today.
As far as the flexible home loan deals are concerned, the interested customers can opt for the ideal 5 year refinancing adjustable rate mortgage loans, which are now traded at a starting interest rate of 3.188% and are backed by an APR yield of 3.005%. Alternatively, the 7 year refinancing adjustable rate home loan deals are up for grabs at an interest rate of 3.562% and are carrying an APR yield of 3.231% to start with.