TD Bank keeps its mortgage interest rates flat on December 9, 2013

TD Bank keeps its mortgage interest rates flat on December 9 2013The benchmark 30 year mortgage interest rates at TD Bank (NYSE: TD) remain flat at the beginning of the third week. The potential home buyers choosing to visit TD Bank on December 9, 2013, will find the fresh home purchase and refinancing loans listed at the same interest rates as last week.

Today, the standard 30 year fixed rate mortgage loans are coming out at the same interest rate of 4.278% and come along with an annual percentage rate of 4.390%. For the mortgagors who want to take the shorter route of financing their dream home, the bank provides 15 year fixed rate mortgage home loans at a lending charge of 3.928%, which is backed by an APR yield of 4.124%.

As far as the financing options with flexible interest rates go, Toronto Dominion Bank provides 3 year adjustable rate mortgage loans against an interest charge of 2.690% and an annual percentage rate of [email protected] Likewise, the 5 year adjustable rate mortgage deals also stand listed at the same interest rate of 3.224% and carry an APR yield of [email protected]

For the borrowers who are seeking for more flexible loan options, TD Bank provides 7 year adjustable rate mortgage loans at an interest rate of 3.590% and an APR yield of [email protected] The financing options with most variable rates, the 10 year adjustable rate home loans are published against a lending charge of 3.942% and an APR yield of [email protected]

Heading towards the refinancing playground, the interested borrowers can see 30 year refinancing fixed rate mortgage schemes quoted at a rate of 4.528% and yielding an APR equivalent to 4.642% in the bank’s books. However, the refinancing options with relatively shorter tenure, the 15 year fixed rate home loans carry an interest charge of 4.178% and come along with an APR yield of 4.376%.

The mortgagors who are seeking variable rates of interests for their refinancing options can find 5 year adjustable rate mortgage loans an ideal choice at a rate of 3.474% and an APR yield of [email protected] Similarly, the more flexible, 7 year refinancing ARM deals stand quoted at the same interest rate of 3.840% as last week, and carry an APR yield of [email protected]

The new and refinancing mortgage interest rates often fluctuate on the basis of the price of mortgage backed securities, which normally follow the stock market movements. As the stock market declined by the end of the trading day and closed at 15337.70, TD Bank also moved in the same direction. As expected, the stock prices of TD Bank’s shares rose up by +0.54 and touched a new mark of 84.74.

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.