This Friday did not bring along any unpleasant change in the lending rates at which the new home purchase and refinancing home loan deals are coming out of the Toronto Dominion Bank (NYSE: TD). The potential customers can find the benchmark 30 year fixed mortgage interest rates hanging around the same spot on January 17, 2014, as yesterday.
Maintaining a constant pace, the standard, long term, 30 year fixed rate mortgage home loan deals are still coming out at the same interest cost of 4.438% and an APR yield of 4.551% today. In the short term lending arena, the mortgage customers can spot the short term, 15 year fixed rate mortgage home loans coming out at an interest rate of 3.5625 and an APR yield of 3.756%.
For the seekers of more flexible lending options, the bank offers 3 year adjustable rate mortgage home loans at an interest cost of 2.562% and an APR yield of 2.910%. However, the 5 year adjustable rate mortgage deals can be acquired at an interest rate of 3.062% and an annual return of 3.0435% to start with.
The more flexible, 7 year adjustable rate mortgage deals are now up for grabs at an interest rate of 3.312% and carry an APR yield of 3.181%. However, the most flexible, the 10 year ARM home loan deals can be locked in at an interest cost of 3.688% and an APR yield of 3.480% today.
In the refinancing arena, the Canadian lender offers the popular 30 year fixed rate mortgage home loan packages at an interest price of 4.688% and an APR yield of 4.803%. However, the relatively shorter, 15 year fixed rate mortgage home loan deals are still trading at a lending rate of 3.812% and an APR yield of 4.008%.
As far as the adjustable rate mortgage home loans are considered, the customers can find the 5 year refinancing deals being traded at an interest cost of 3.312% and an APR yield of 3.131% to begin with. However, the 7 year adjustable rate mortgage home loans are coming out at an interest cost of 3.562% and an APR yield of 3.299% today.
The mortgage rates published by banks are normally affected by the changes in the price of mortgage backed financial securities, which fluctuate on the basis of stock market changes. As the stock market lost its ground and left the DJIA index wandering at 15337.70, the bank blinding followed the stock market for publishing its mortgage rates. However, the share prices of the TD stock increased by +0.64% and closed at 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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