Mortgage Home Loan Rates are Looking Better at TD Bank on April 2, 2014

This Wednesday, the potential home loan seekers will find a reason to celebrate their home purchase, as the Canadian lender, Toronto Dominion Bank (NYSE: TD), published its standard new home purchase and refinancing mortgage deals at unchanged interest rates. According to the most up to date mortgage information made available by the bank on April 2, 2014, the benchmark 30 year fixed mortgage interest rates experienced an improvement in comparison to the yesterday’s interest figures, which is certainly in the best interest of the financier.

With regards to the standard, long term financing division, the bank is currently charging an interest rate of 4.500% from and is offering an annual percentage yield equivalent to 4.612% to the borrowers, who are interested in securing the ideal 30 year fixed rate mortgage home loans today. On the other hand, in the relatively shorter lending section, the bank offers its best 15 year fixed rate mortgage home loan deals at an interest rate of 3.625% and an APR yield of 3.817% today.

In the flexible lending division, the bank is currently offering its best 3 year adjustable rate mortgage deals at a starting interest rate of 2.750% and an APR yield of 2.851% to start with. However, the 5 year adjustable rate mortgage plans are now up for grabs at an interest rate of 3.250% and an annual percentage yield of 3.025% during the starting years of the home loan tenure.

On the other hand, for the mortgage shoppers, who are seeking more flexible home loan deals, the 7 year adjustable rate mortgage home loans would be an ideal pick at an interest cost of 3.500% and an APR yield of 3.200% today. However, the most flexible, 10 year adjustable rate mortgage home loan packages can now be locked in at a lending price of 3.750% and an APR yield of 3.468% to start with.

Heading towards the refinancing home loans, the popular 30 year fixed rate mortgage home loan plans are now being advertised at an interest rate of 4.562% and are carrying an APR of 4.676% today. Alternatively, the 15 year refinancing fixed rate mortgage home loan options can be seen traded at a lending rate of 3.688% and an APR yield of 3.883% this Wednesday.

When it comes to the adjustable rate financing section, the potential borrowers can spot the 5 year refinancing home loan deals being traded at a starting interest rate of 3.312% and are accompanied by an annual return of 3.048% today. However, the more flexible, 7 year refinancing adjustable rate home loan plans are up for grabs at an interest price of 3.562% and an annual return of 3.231% to begin with.

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.