TD Bank makes minor adjustments to its mortgage home loan rates on January 7, 2014

TD Bank makes Minor Adjustments to Mortgage Home Loan Rates on January 7 2014The interest rates at which the new home purchase loans and the refinancing home loans are traded at Toronto Dominion Bank (NYSE: TD) experienced a little movement on January 7, 2014. Though the benchmark 30 year fixed mortgage interest rates remained the same this Tuesday, it is the short term financing and refinancing options that experienced changes in lending rates today.

Today, the standard 30 year fixed rate mortgage home loans are coming out at a lending rate of 4.688% and are carrying an annual percentage rate of 4.803% today. In the short term lending department, the 15 year fixed rate mortgage home loans can be had by bearing an interest charge of 3.688% and an APR yield of 3.883%. The customers can also find the FHA approved 30 year fixed rate mortgage deals being traded at an interest rate of 4.125% and carrying a higher APR yield of 5.285% as against the conventional home loan deals.

In the flexible home financing department, the Canadian bank offers the potential customers its best, 3 year adjustable rate mortgage home loans at an interest cost of 2.688% and an APR yield of 2.938%. A little bit more flexible, 5 year adjustable rate mortgage loan options are now being traded at an interest cost of 3.312% and come along with an APR yield of 3.131%.

For the borrowers interested in having more variable interest rates, the bank offers 7 year adjustable rate mortgage schemes at an interest rate of 3.562% and an APR yield of 3.299%. The most flexible, 10 year adjustable rate home loan plans are available at a starting interest cost of 3.812% and an APR yield of 3.558%.

When it comes to the refinancing loan options, the mortgage shoppers can spot the popular 30 year fixed rate mortgage home loans being published next to an interest rate of 4.938% and carrying an annual return equivalent to 5.055% today. The relatively shorter, 15 year refinancing adjustable rate home loans are up for grabs at an interest charge of 3.938% and an APR yield of 4.134%.

As far as the flexible loan options go, TD bank publishes the best 5 year refinancing adjustable rate home loans against a lending rate of 3.562% today and an APR yield of 3.219%. However, the more flexible, 7 year refinancing adjustable rate mortgage schemes are now rated at 3.812% and carry an APR yield of 3.418% to start with.

Toronto Dominion Bank is planning on challenging the claim made by Brandon couple, Marcus and Mary Vasconcelos, at a small claims court, who have accused the bank of “Gross Negligence” for ensuring the safety of its customers during a small fight that occurred at one of the bank’s local branches earlier this week.

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.