Picking an alternate approach, the Canadian mortgage provider, Toronto Dominion Bank (NYSE: TD), did not made any change to its benchmark 30 year fixed mortgage interest rates on April 11, 2014. The eligible borrowers, who are seeking ideal finances for their new home purchase or refinancing needs, will find no alternations in the lending rates today, which will certainly work in the best interest of the lender in terms of stable market demand.
This Friday, as per the recently released mortgage home loan data, the standard, long term, 30 year fixed rate mortgage home loans are being traded at an interest rate of 4.625% and being backed by an annual percentage rate of 4.676% today. However, the relatively shorter, 15 year fixed rate mortgage home loans can now be had at an interest rate of 3.500% and an annual return rate of 3.691% today.
In the variable rate mortgage section, the interested customers can spot the ideal 3 year adjustable rate home loan deals being listed next to an interest rate of 2.625% and carrying an annual percentage yield of 2.824% to start with. Alternatively, the 5 year adjustable rate mortgage home loans can now be seen coming out at an interest price of 3.125% and carrying an APR yield of 2.981% during the starting years of the home loan period.
For the borrowers with more flexible lending needs, the bank is currently offering its 7 year adjustable rate mortgage home loan packages at a starting lending rate of 3.375% and an APR yield of 3.141% today. On the other hand, the 10 year adjustable rate mortgage home loan options can be secured at an interest rate of 3.625% and an APR yield of 3.389% on the principal amount of loan secured from the bank.
Heading towards the refinancing home loan arena, the interested borrowers can secure the popular 30 year fixed rate mortgage home loans at an interest rate of 4.688% and an APR yield of 4.803% today. On the other hand, the short term, 15 year counterparts of the 30 year refinancing fixed rate mortgage plans can be locked in at a lending rate of 3.562% and an APR yield of 3.756% at the end of the trading week.
As far as the adjustable rate home financing deals are concerned, the bank now publishes its best 5 year refinancing packages in its loan books against an interest charge of 3.188% and an APR yield of 3.005% during the starting years of the loan tenure. On the other hand, the more flexible, 7 year refinancing adjustable rate home loans are now up for grabs at an interest rate of 3.438% and an APR yield of 3.172% to start 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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