Where every other US based mortgage lender is struggling hard to quote favorable mortgage rates, the popular Canadian lender, Toronto Dominion Bank (NYSE: TD), managed to quote same benchmark 30 year fixed mortgage interest rates on September 11, 2014. The potential borrowers, who plan on securing ideal home purchase or refinancing loans today, will find no movement in the lending rates as compared to yesterday.
This Thursday, the standard 30 year fixed rate mortgage home loans can be seen coming out at a lending rate of 4.250% and carrying an annual percentage rate of 4.367% today. In the short term lending division, the 15 year fixed rate mortgage home loans are now traded at an interest rate of 3.500% and an APR yield of 3.702%. The interested customers can also spot the FHA approved 30 year fixed rate mortgage deals being listed next to an interest rate of 4.000% and a higher APR yield of 5.160% as compared to the conventional home loan deals.
In the flexible home loan section division, the mortgage shoppers can spot the 5 year adjustable rate mortgage options being published at an interest rate of 3.375% and an APR yield of 3.075% on the principal amount of home loan secured from the bank. In the more flexible lending department, the bank now offers its 7 year adjustable rate mortgages at a lending price of 3.500% and an APR yield of 3.206% during the initial years of the home loan period.
Shifting sights towards the refinancing home loan arena, the potential borrowers can spot the popular 30 year fixed rate mortgage loans being quoted at a lending charge of 4.312% and an APR yield of 4.431%. The relatively shorter, 15 year counterparts of the 30 year refinancing fixed rate mortgage schemes are now up for grabs at an interest rate of 3.562% and an APR yield of 3.767% this Thursday.
For the potential home loan customers, who are seeking more flexibility in terms of interest rates, the 5 year refinancing adjustable rate mortgage loans would be perfect options at an interest rate of 3.438% and an APR yield of 3.099% during the starting years of the home loan tenure. The more flexible, 7 year refinancing adjustable rate mortgage loan packages are now up for grabs at a lending price of 3.562% and an APR yield of 3.237% on the initial amount of home loan sanctioned by the bank.
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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