Daily Summary of Home Loan Rates at TD Bank on May 2, 2014

Daily Summary of Home Loan Rates at TD Bank on May 2, 2014

Sticking to its usual pricing policy, the US unit of the popular Canadian lender, Toronto Dominion Bank (NYSE: TD), decided to make no change to its benchmark 30 year fixed mortgage interest rates on May 2, 2014. This Friday, the potential home buyers will find no relative change in the lending rates at which the popular home purchase and the standard refinancing home loans are coming out from TD Bank.

A closer look the new mortgage information published by the bank today will reveal that in the long term home financing section, the standard 30 year fixed rate mortgage deals are listed at a lending rate of 4.500% and an annual percentage rate of 4.612%. On the other hand, the short term, 15 year fixed rate mortgage home loan options are up for grabs at an interest rate of 3.625% and an annual percentage yield of 3.817% today.

When talking about the flexible lending options, interested home loan customers can opt for the best 3 year fixed rate mortgage home loans, which are now being traded at an interest rate of 2.750% and backed by an APR yield of 2.851% to begin with. On the contrary, the 5 year adjustable rate mortgage plans are now coming out at an interest price of 3.125% and are carrying by an APR yield of 2.981% during the starting years of the home loan period.

For the mortgage shoppers, who are seeking more flexibility in terms of interest rates, TD Bank offers 7 year adjustable rate mortgage home loan schemes at a starting interest rate of 3.375% and an annual return rate of 3.141% this Friday. Alternatively, the 10 year adjustable rate mortgage home loan packages are now published at a starting interest rate of 3.625% and an annual percentage rate of 3.389% today.

In the refinancing department, the popular 30 year fixed rate mortgage home loans are being advertised at an interest rate of 4.562% and an APR yield of 4.676% today. On the contrary, the short term, 15 year refinancing fixed rate mortgage home loan plans are being traded at an interest rate of 3.688% and an APR yield of 3.883% today.

When it comes to the adjustable rate mortgage deals, the customers can find the 5 year refinancing deals being quoted at an interest price of 3.188% and an APR yield of 3.005% to begin with. On the other hand, the more flexible, 7 year refinancing adjustable rate mortgage home loan options are being tagged with an interest price of 3.438% and are offering an APR yield of 3.172 today.

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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About the author

Rob is a analyst and reporter covering stocks and business news.