In the midst of unvarying economic changes, the Canadian mortgage lender, Toronto Dominion Bank (NYSE: TD), managed to publish same benchmark 30 year fixed mortgage interest rates on February 19, 2014. With the standard home purchase and refinancing home loan deals coming out at the same interest rates, there is no possible change in the demand of the bank’s loan products in the market this Wednesday.
In the bank’s loan portfolio, the standard, long term, 30 year fixed rate mortgage home loans are being advertised at an interest rate of 4.438% and an annual percentage rate of 4.551% today. When it comes to the less expensive, short term home loan options, the bank is offering the best 15 year fixed rate mortgage loans at an interest cost of 3.562% and an APR yield of 3.756% today.
When it comes to the flexible home loan options, the customers can acquire the best 3 year adjustable rate mortgage home loans, which are now coming out at an interest price of 2.562% and are carrying an APR yield of 2.812%. The 5 year adjustable rate mortgage deals can now be had at a starting interest cost of 3.062% and an APR yield of 2.961% to begin with.
For the seekers of more flexibility, the bank publishes its 7 year adjustable rate mortgage home loan packages at a lending rate of 3.312% and an APR yield of 3.113% today. On the other hand, the most flexible, 10 year adjustable rate mortgage home loan plans can be secured by bearing an interest cost of 3.562% and agreeing to an APR yield of 3.352% during the initial years of the loan.
In the refinancing arena, TD Bank is offering its best 30 year fixed rate mortgage home loan plans at an interest cost of 4.688% and an annual return rate of 4.803% today. However, the relatively shorter, 15 year refinancing fixed rate mortgage plans are up for grabs at an interest rate of 3.812% and are carrying an APR yield of 4.008% today.
This Wednesday, for the mortgage shoppers interested in adjustable rate mortgage loans, the bank is offering its best 5 year refinancing deals at a starting lending rate of 3.312% and an APR yield of 3.048% to start with. However, the more flexible, 7 year refinancing variable rate home loan packages can be locked in at an interest cost of 3.562% and an APR yield of 3.231% on the original amount of loan obtained from 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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