TD Bank Published Better Mortgage Interest Rates on March 12, 2014

Taking a different route, the Canadian Mortgage lender, Toronto Dominion Bank (NYSE: TD), decided to published somewhat improved benchmark 30 year fixed mortgage interest rates on March 12, 2014. This Wednesday, the standard home purchase as well as the refinancing home loans, are coming out at reduced interest rates, which will certainly help the bank in maintaining a steady demand of its loan products in the market.

As per the new mortgage information published by the bank today, the standard, long term 30 year fixed rate mortgage home loan packages are up for grabs at an interest rate of 4.562% and are carrying an annual percentage yield of 4.676% today. On the other hand, the short term, 15 year counterparts of the 30 year fixed rate mortgage deals can be acquired at an interest rate of 3.562% and an APR yield of 3.756% this Wednesday.

In the flexible financing division, the interested home loan seekers can spot the ideal 3 year adjustable rate home loans being listed against a starting interest rate of 2.688% and are backed by an annual percentage yield of 2.839%. However, the 5 year adjustable rate mortgage deals can be securing at an interest rate of 3.188% and an annual return yield of 3.005% to begin with.  

For the mortgage shoppers who are seeking more flexibility in terms of interest rates, the potential home buyers can find the 7 year adjustable rate mortgage home loans being traded at an interest cost of 3.438% today and an APR yield of 3.172% during the starting years of the home loan. The most flexible, 10 year variable rate mortgage loans can be locked in by bearing an interest price of 3.688% and an APR yield of 3.431%.

When it comes to the refinancing mortgage section, the mortgage shoppers can find the popular 30 year fixed rate mortgage home loans published against an interest charge of 4.812% and an annual yield of 4.928%. However, the relatively shorter, the 15 year refinancing fixed rate home loans are up for grabs at an interest rate of 3.812% and an APR yield of 4.008% today.

As far as the adjustable rate financing options considered, the potential home buyers can find the 5 year refinancing deals being advertised at a starting interest price of 3.438% and an APR yield of 3.093%. Alternatively, the more flexible, 7 year refinancing adjustable rate mortgage options can be secured by bearing an interest cost of 3.688% today and an APR yield of 3.290% during the starting years of the loan tenure. 

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.