Today, at the Canadian mortgage provider, Toronto Dominion Bank (NYSE: TD), the benchmark 30 year fixed mortgage interest rates experienced a sudden spike. Despite publishing steeper interest rates yesterday, the ideal home purchase and the home refinancing loans are now available at even higher interest rates on March 13, 2014, thereby making the home loan deals somewhat unattractive in the eyes of the mortgage shoppers.
According to the recent observations, the standard, long term, 30 year fixed rate mortgage loans are coming out at an interest rate of 4.688% and are backed by an annual percentage rate of 4.803%. However, the borrowers, who are interested in the relatively short term home loan deals, will have to deal with an interest price of 3.562% and APR yield of 3.756% for securing the best 15 year fixed rate mortgage home loan plans today.
In the variable rate lending division, the interested customers can spot the ideal 3 year adjustable rate mortgage home loans being listed against a starting lending price of 2.688% and an APR return of 2.839% today. On the other hand, the 5 year adjustable rate home loan packages can be acquired at an interest rate of 3.188% and an annual return rate of 3.005% to start with.
For the mortgage shoppers, who are keen on acquiring ideal home loan deals at more flexible interest rates, the bank is currently offering its 7 year adjustable rate mortgage loans can out at an interest rate of 3.438% and an APR yield of 3.127% to begin with. Alternatively, the most flexible, 10 year adjustable rate home loans can be locked in at a starting rate of 3.688% and an APR yield of 3.431% during the initial years of home loan tenure.
Heading towards the refinancing arena, the prospective customers can spot the popular 30 year fixed rate mortgage home loan deals being traded at an interest cost of 4.938% and an APR yield of 5.055% today. The short term, 15 year counterparts of the 30 year refinancing fixed rate mortgage home loans can be locked in at an interest cost of 3.812% today and an APR yield of 4.008%.
In the flexible refinancing section, the mortgage lender offers its best 5 year adjustable rate mortgage home loans at a lending rate of 3.438% today and an APR yield of 3.093% to begin with On the other hand, the more flexible, 7 year refinancing variable rate mortgage home loans is up for grabs at a starting interest rate of 3.688% and an APR yield of 3.290% 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.
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.