This Friday, the Canadian mortgage lender, Toronto Dominion Bank (NYSE: TD) decided to publish the same standard and refinancing mortgage rates for its prospective borrowers. As per the new home loan publications released by the bank today, the benchmark 30 year fixed mortgage interest rates are hanging around the same point as they were yesterday, thereby having no impact on the demand of TD’s loan products in the market.
To begin with, the standard, long term, 30 year fixed rate home loan offerings are now published at an interest rate of 4.5625 and an APR yield of 4.676% today. On the other hand, in the short term home loan section, the borrowers can find the 15 year fixed rate mortgage deals coming out at a rate of 3.562% and an APR yield of 3.756% today.
In the adjustable rate mortgage section, the bank is now offering its ideal 3 year adjustable rate mortgage home loans at an interest rate of 2.688% and are accompanied by an annual percentage rate of 2.938% to begin with. On the other hand, the 5 year adjustable rate mortgage deals can be locked in at a starting interest rate of 3.188% and an APR yield of 3.087%.
For the admirers of more flexible interest rates, the bank publishes its 7 year adjustable rate mortgage home loan plans at an interest cost of 3.438% and an annual return of 3.240% to begin with. On the other hand, the 10 year adjustable rate home loan plans now carry an interest cost of 3.688% today and yield an annual return of 3.480% on the initial amount of the loan taken from the bank.
In the refinancing arena, the interested customers can find the popular, 30 year fixed rate mortgage home loan packages being advertised at an interest rate of 4.812% and an APR yield of 4.928% today. Alternatively, the shorter, 15 year counterpart of the 30 year refinancing FRM home loans can be locked in at a rate of 3.812% and an annual return rate of 4.008% today.
As far as the adjustable rate mortgage home loans are considered, the potential mortgagors can grab the 5 year refinancing deals at a starting lending cost of 3.438% and an APR yield of 3.175% today. On the other hand, the more flexible, 7 year adjustable rate mortgage home loan plans can be had by dealing with an interest price of 3.688% today and an APR yield of 3.359% during the initial 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.
For comments and suggestions, leave a message in the comments section below. Like and Follow our Facebook page for more stories and to stay up-to-date with the latest happenings.