The benchmark 30 year fixed mortgage interest rates tasted some improvement at Toronto Dominion Bank (NYSE: TD) on January 15, 2014. The potential home buyers and refinance seekers will find the best mortgage deals available at lower interest rates this Wednesday.
In the standard, long term lending category, the Canadian lender publishes its popular 30 year fixed rate mortgage home loans at an interest rate of 4.438%, along with an annual percentage rate of 4.551% today. On the other hand, the shorter and attractive, 15 year fixed rate home loan packages are priced at an interest rate of 3.562% and are accompanied by an annual return rate of 3.756%.
When it comes to flexible lending options, the borrowers can find the best 3 year adjustable rate mortgage home loans coming out at an interest cost of 2.562% and an APR yield of 2.910%. However, the 5 year adjustable rate mortgage loan schemes are published in the bank’s loan portfolio against a lending charge of 3.062% and an annual return equivalent to 3.043% today.
For the seekers of more variable rates of interest, the bank offers 7 year adjustable rate home loan plans at a lending price of 3.312% and an APR yield of 3.181%. In the most flexible lending category, the Canadian mortgage lender quotes its 10 year ARM home loans at an interest cost of 3.688% and an APR yield of 3.480%.
In the standard refinancing section, the popular 30 year fixed rate mortgage home loan options are available for an interest price of 4.688% and an annual percentage yield of 4.803% today. Alternatively, the shorter, 15 year refinancing fixed rate mortgage home loans can be acquired by bearing an interest burden of 3.812% and an APR yield of 4.008%.
The borrowers who want to enjoy flexibility in terms of home loan rates can go for the 5 year refinancing adjustable rate mortgage packages, which are now coming out at an interest rate of 3.312% and carrying an APR yield of 3.131%. However, the more flexible, 7 year ARM deals can be locked in at an interest cost of 3.562% and an APR yield of 3.299% today.
As the stock market dipped by the end of the trading day and left the DJIA index at 15337.70, the mortgage backed securities tracked the movements for quoting new rates, which further affected the mortgage interest rates quoted by the bank. However, the stock price of the TD shares moved up by +0.54 and closed at a further mark of 84.74.
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.
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