Summary of Current Mortgage Interest Rates at TD Bank on February 18, 2014

In the present day volatile mortgage market, where the home loan rates at several banks experience regular hiccups, the Canadian mortgage provider, Toronto Dominion Bank (NYSE: TD), quoted unchanged benchmark 30 year fixed mortgage interest rates on February 18, 2014. Despite the regular market changes, the bank managed to keep its standard and refinancing home loan deals published at the same interest rates as yesterday.

A closer look at the new mortgage information made available by the lender will reveal that the standard, long term, 30 year fixed rate mortgage home loans are coming out at an interest rate of 4.438% and an annual percentage rate of 4.551% today. On the other hand, the relatively shorter, 15 year fixed rate mortgage home loan deals can be locked in at an interest rate of 3.756% today.

For the seekers of variable interest rates, the bank is now offering its best 3 year adjustable rate mortgage home loan deals at a starting interest rate of 2.562 % and an annual return of 2.812% to start with. However, the 5 year adjustable rate mortgage home loan deals can be acquired at an interest rate of 3.062% and an APR yield of 2.961% at the start of the home loan period.

The borrowers looking for more flexibility can go for the 7 year adjustable rate mortgage home loan deals, which are now coming out at an interest rate of 3.312% and are backed by an APR yield of 3.113% today. The 10 year adjustable rate mortgage home loan deals can be locked in at an interest rate of 3.562% and an APR yield of 3.352% to begin with.

In the refinancing home loan section, the potential borrowers can easily spot the popular 30 year fixed rate mortgage home loans being published next to a lending charge of 4.688% and an APR yield of 4.803% today. On the contrary, the 15 year refinancing fixed rate mortgage home loans can be locked in at an interest rate of 3.812% and an APR yield of 4.008% today.

As far as the adjustable rate mortgage home loan rates are considered, the mortgage shoppers can go for the best 5 year refinancing deals, which are now advertised at a starting interest rate of 3.312% and an APR yield of 3.048% today. On the other hand, the more flexible, 7 year refinancing adjustable rate mortgage deals are up for grabs at a starting rate of 3.562% and an APR yield of 3.231%.

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.