No Change in the Mortgage Interest Rates at TD Bank on January 29, 2014

This week, for the third day in a row, the benchmark 30 year fixed mortgage rates at the Canadian mortgage lender, Toronto Dominion Bank (NYSE: TD) did not move a bit from their old standings. This Wednesday, the bank made no change to its home purchase and refinancing loan offerings, thereby maintaining a steady demand for its products in the market.

A closer look at the new mortgage rate charts disclosed by the mortgage lender on its website will reveal that the standard, long term, 30 year fixed rate mortgage home loan rates are advertised at an interest rate of 4.562% and an APR yield of 4.676% today. However, the short term, 15 year fixed rate mortgage deals can be acquired at a lending rate of 3.562% and are backed by an APR yield of 3.756%.

In the adjustable rate mortgage home loan section, the best 3 year deals can be locked in at a starting interest rate of 2.688% and an APR yield of 2.938% today. However, the 5 year adjustable rate mortgage home loan options are coming out at a lending cost of 3.188% and an APR yield of 3.087% to begin with.

For the borrowers seeking more flexible interest rates, the mortgage lender is now offering the 7 year adjustable rate mortgage packages at an interest price of 3.438% and an APR yield of 3.240% today. On the other hand, the most flexible, 10 year adjustable rate mortgage home loan deals can be acquired at a rate of 3.688% and an APR yield of 3.480% during the initial years of the loan.

Shifting sights to the refinancing section, the mortgage shoppers can look out for the popular 30 year fixed rate mortgage options, which are now being traded at an interest cost of 4.812% and 4.928% today. Alternatively, the short term, 15 year refinancing fixed rate mortgage home loan deals are now coming out at a lending rate of 3.812% and are coming along with an annual return of 4.008%.

In the flexible refinancing arena, the best 5 year adjustable rate mortgage home loans are coming out at an interest rate of 3.438% and an APR yield of 3.175% to begin with. However, the seekers of more flexible home loans can go for the 7 year refinancing adjustable rate mortgage loans, which are now carrying a starting interest price of 3.688% and an APR yield of 3.359%. 

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.