Higher Mortgage Home Loan Rates at TD Bank on December 16, 2013

Higher Mortgage Home Loan Rates at TD Bank on December 16 2013The benchmark 30 year fixed mortgage interest rates ticked up a bit at Toronto Dominion Bank (NYSE: TD), following a week full of mixed responses for the borrowers, on December 16, 2013. According to the recent publications released by the bank, the new home purchase as well as the refinancing loan options experienced a minor hike in their interest rates, thereby making them somewhat less attractive for the prospective mortgagors.

Firstly, having a closer look at the long term financing options reveals that the standard, 30 year fixed rate mortgage loans can be acquired by agreeing to pay an interest cost of 4.458%, which is backed with an annual percentage return offering equivalent to 4.571% of the amount of loan. In case of the short term, 15 year fixed rate mortgage home loan schemes, the borrowers will have to deal with an interest charge of 3.654% and APR yield of 3.849% to start with.

In the flexible loan division, the customers can find the popular 3 year adjustable rate mortgage deals listed at a rate of 2.616% and an APR return of [email protected] today. Alternatively, the 5 year adjustable rate home loan deals can be obtained by agreeing to a lending charge of 3.112% and an annual percentage yield of [email protected]

Shifting eyes to the more flexible mortgage plans, the 7 year adjustable rate mortgage loans can be seen coming out at a rate of 3.388% and an APR yield of [email protected] to start with. However, for the borrowers interested in more flexible interest rates, the 10 year adjustable rate home loans can be had at a starting rate of 3.684%, along with an APR yield of [email protected]

As far as the 30 year refinancing fixed rate mortgage loans go, the prospective customers will have to loosen up their pockets for an interest charge of 4.708% every year and agree to an APR yield of 4.823%. The more popular, 15 year refinancing variable rate mortgage home loan options are up for grabs for those who are willing to bear an interest cost of 3.904% today and are fine with an APR return of 4.100%.

Moving on the refinancing schemes with variable rates of interests, the customers will find the best 5 year ARM loans advertised at a rate of 3.362% today and carrying an APR yield of [email protected] On the other hand, the 7 year refinancing ARM home loans can be obtained by dealing with an interest burden of 3.638%, which is accompanied by an APR yield of [email protected]

Being affected by the MBS prices, mortgage rates at TD Bank ticked up in response to the weakening of the financial market today by -0.73%. However, the stock prices of TD shares improved by +0.54 price points and touched a new mark of 84.74 by the end of the trading session.

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.