After staying low for the most part of the week, the benchmark 30 year fixed mortgage interest rates experienced a sudden spike at the Canadian mortgage lender, Toronto Dominion Bank (NYSE: TD) on March 27, 2014. As per the new mortgage rate charts released by the bank this Thursday, the standard home purchase and refinancing home loans are coming out at the same interest rates as yesterday.
Today, the mortgage shoppers, who are interested in securing the standard, long term, 30 year fixed rate mortgage home loans, are being charged with an interest price of 4.500% and are offered an annual percentage rate of 4.612%. However, for the home loan seekers, who are planning on taking the relatively shorter route, the bank is currently offering its 15 year fixed rate mortgage deals at an interest cost of 3.625% and an annual percentage rate of 3.817% today.
The troubled mortgage borrowers, who are facing it difficult to secure conventional home loans owing to their poor credit score of the past, can find the FHA insured 30 year fixed rate mortgage home loans being traded at an interest rate of 4.125% and carrying an APR yield of 5.283% this Thursday.
When it comes to the variable rate mortgage section, the interested mortgage borrowers can spot the best 5 year adjustable rate home loans being traded at a starting interest rate of 3.125% and being backed by an annual return rate of 3.064% to begin with. However, the more flexible, 7 year adjustable rate mortgage loan packages can be locked in at an interest rate of 3.500% and an APR yield of 3.268% during the starting years of the home loan tenure.
In the refinancing arena, the potential borrowers can find the popular 30 year fixed rate mortgage home loans being advertised at an interest price of 4.562% and carrying an APR yield of 4.676% today. However, the relatively shorter, 15 year counterparts of the 30 year refinancing fixed rate mortgage loans are now up for grabs at an interest rate of 3.688% and an APR yield of 3.883%.
As far as the flexible refinancing home loans are considered, the bank is currently offering its best 5 year adjustable rate mortgage deals at a starting interest rate of 3.188% and an APR yield of 3.087% to start with. On the other hand, the more flexible, 7 year refinancing adjustable rate mortgage home loans can be secured at an interest cost of 3.562% and an APR yield of 3.299% on the basic amount of 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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