TD Bank Published Mortgage Interest Rates on January 13, 2014

TD Bank lowered its mortgage rates on November 28 2013This Monday, the benchmark 30 year fixed mortgage interest rates are holding firm at Toronto Dominion Bank (NYSE: TD). The potential mortgage buyers will find the standard home purchase and refinancing home loan deals coming out of TD Bank at the same rates on January 13, 2014, with some minor changes in comparison to the previous week.

As of now, according to the recent mortgage information released by the Canadian mortgage lender, the long term, 30 year fixed rate mortgage home loans are coming out at an interest rate of 4.688% and are carrying an APR yield of 4.803%. However, the short term financing options, the 15 year fixed rate mortgage deals can be locked in at an interest rate of 3.688% and an APR yield of 3.883% today.

In the adjustable rate mortgage division, the interested customers can acquire the best 3 year deals at an interest cost of 2.812%, along with a starting annual return rate of 2.965% today. The 5 year adjustable rate mortgage home loans are now available at an interest cost of 3.312% and come along with an APR yield of 3.131% to start with.

However, the more flexible, 7 year adjustable rate mortgage home loans are up for grabs at an interest rate of 3.562% and are accompanied by an annual return of 3.299%. The most flexible, the 10 year variable rate mortgage home loans are now trading at an interest cost of 3.812% and are backed by an APR yield of 3.558%.

In the refinancing section, the customers can find the best 30 year fixed rate mortgage home loan deals being advertised at the same lending rates of 4.938% and a higher annual percentage return of 5.055% today. Alternatively, the borrowers can also have the shorter 15 year refinancing fixed rate mortgage home loan packages are carrying a lending cost of 3.938% and an APR yield of 4.134%.

For the mortgage shoppers who are looking forward to having more flexibility in terms of interest rates, the bank offers refinancing 5 year adjustable rate mortgage loans at a starting interest price of 3.562% and an APR yield of 3.219% today. However, the more flexible, 7 year refinancing adjustable rate home loans are carrying a lending charge of 3.812% and are backed by an APR yield of 3.418%.

The loan rates are often affected by the price of mortgage loan bonds and securities traded in the financial markets, which go up and down on the basis of stock market changes. As of now, TD Bank followed the stock market movements for quoting its interest rates, when the stock market experienced a fall and left the DJIA index at 15337.70.  However, the stock rates of TD shares increased by +0.54 and closed at 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.