Where several top mortgage lenders are struggling hard to get their mortgage rates back on track, the popular Canadian lender, Toronto Dominion Bank (NYSE: TD), made no special efforts to do so, as benchmark 30 year fixed mortgage interest rates remained steady on September 15, 2014. The borrowers, interested in securing ideal home purchase or refinancing loans will find no change in the lending rates today, as compared to last week.
The mortgage home loan seekers, who are planning on acquiring standard, long term home loan deals, can now opt for the 30 year fixed rate mortgage home loan packages, which are traded at an interest rate of 4.250% and an annual return rate of 4.367% today. For the borrowers, who are looking for shorter and less expensive home financing deals, bank offers its 15 year fixed rate mortgage packages at an interest price of 3.500% and an annual percentage yield of 3.702% this Monday.
In the flexible home loan division, the bank now offers its best 3 year adjustable rate mortgage packages at an interest rate of 2.875% and an APR yield of 2.884% to begin with. The relatively more flexible, 5 year adjustable rate mortgage can now be seen traded at a lending rate of 3.375% and an APR yield of 3.075% on the principal amount of home loan sanctioned by the lender.
The potential home buyers, who are looking forward to acquire variable home loan deals, can now opt for the 7 year adjustable rate home loans, which are currently traded at an interest rate of 3.500% and an annual percentage yield of 3.206% to start with. For the seekers of more flexible home loan packages, 10 year adjustable rate home loans can now be seen advertised at a starting interest rate of 3.625% and an APR yield of 3.396% during the initial years of the home loan tenure.
When it comes to refinancing lending options, the Canadian lender now quotes the popular 30 year fixed rate mortgage home loans in its loan books against an interest rate of 4.312% and an APR yield of 4.431% today. In the short term refinancing section, the mortgage shoppers can find the 15 year fixed rate mortgage home loan options coming out at an interest rate of 3.562% and an APR yield of 3.767% this Monday.
For the mortgage shoppers, who are considering going for flexible refinancing deals, the best 5 year refinancing adjustable rate mortgage deals would be perfect options at an interest rate of 3.438% and an APR yield of 3.099%. The more flexible, 7 year refinancing adjustable rate mortgage home loans can now be seen traded at an interest rate of 3.562% and an APR yield of 3.237% to start with.
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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