TD Bank Quotes Higher Mortgage Home Loan Rates on January 22, 2014

TD Bank Quotes Higher Mortgage Home Loan Rates on January 22 2014Toronto Dominion Bank (NYSE: TD) bank quoted higher home purchase and refinancing mortgage rates on January 22, 2014. The eligible borrowers who are looking forward to acquire ideal home purchase or refinancing home loan from TD Bank will have to deal with higher benchmark 30 year fixed mortgage interest rates today.

In the long term lending section of the mortgage lender’s loan portfolio, the standard 30 year fixed rate mortgage deals are published against a lending charge of 4.562% and are carrying an annual percentage rate of 4.676% today. However, the relatively shorter, 15 year fixed rate mortgage home loan deals can be locked in at an interest rate of 3.562% and an annual return equivalent to 3.756%.

When it comes to variable rate financing options, the customers can find the best 3 year fixed rate mortgage loans being traded at an interest cost of 2.688% and being backed by an APR yield of 2.938% to begin with. However, the 5 year adjustable rate mortgage schemes are coming out from the back at an interest price of 3.188% today, along with an APR yield of 3.087%.

In the more flexible lending division, the bank currently offers 7 year adjustable rate mortgage home loan packages at an interest rate of 3.438% and an annual percentage rate of 3.240% to begin with. However, the 10 year adjustable rate mortgage home loan plans are available at a starting rate of 3.688% and an annual return rate of 3.480% today.

Heading towards the refinancing department, the potential borrowers will find the popular 30 year fixed rate mortgage packages being advertised at an interest rate of 4.812% and carrying an APR yield of 4.928% today. Alternatively, the short term, 15 year refinancing fixed rate mortgage home loan deals are coming out at an interest rate of 3.812% and are accompanied by an APR yield of 4.008%.

When it comes to adjustable rate mortgage loans, the Canadian mortgage lender publishes its 5 year refinancing deals at a starting interest price of 3.4385 and an APR yield of 3.175% during the initial years of the loan. On the other hand, the 7 year refinancing ARM home loans are today carrying a lending cost of 3.688% and are backed by an APR yield of 3.359%.

The home purchase and refinancing rates are often affected by the price of MBS’s, which tail the stock market movements regularly. However, as the stock market moved towards south by the end of the trading day, putting the DJIA index down at 15337.70, TD bank parted its way from the market to quote its lending rates. Irrespective of mortgage rates, the price of TD shares increased by +0.64% and reached a new price 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.