Today’s Mortgage Home Loan Rates at TD Bank on January 2, 2014

Todays Mortgage Home Loan Rates at TD Bank on January 2 2014As a New Year treat, Toronto Dominion Bank (NYSE: TD) chose to keep its benchmark 30 year fixed mortgage interest rates unchanged on January 2, 2014. The mortgage shoppers, who are heading towards the loan branch of TD Bank for home purchase or refinancing loans, will find the available options being advertised at the same lending rates this Thursday.

According to the newly released mortgage rate charts, the standard 30 year fixed rate mortgage home loans are coming out of TD Bank at a rate of 4.812% and are accompanied by an annual percentage rate of 4.928%. In the short term home loan section, the customers can find the 15 year fixed rate mortgage plans being sold at a rate of 3.688% and an APR yield of 3.883% today. The FHA insured 30 year fixed rate mortgage schemes are also available with the Canadian lender at a rate of 4.125% and an impressive APR yield of 5.285%.

In the flexible financing department, the mortgagors can find the 3 year adjustable rate mortgage home loans being published against a lending charge of 2.688% and carrying an APR yield of 2.938%. However, the little bit more flexible, 5 year adjustable rate mortgage packages can be had at a rate of 3.188% and an APR yield of 3.087%.

In the more flexible lending section, the interested borrowers can find the 7 year adjustable rate mortgages coming out at an interest cost of 3.438% and carrying an annual return of 3.240% on the initial amount of the loan. Alternatively, the most flexible, 10 year adjustable rate mortgage schemes are now traded at a rate of 3.812% and yield an annual return of 3.558% to start with.

When it comes to the refinancing options, the potential borrowers can go for the best 30 year fixed rate home loans, which can be locked in at an interest rate of 5.062% and an APR yield of 5.180% today. In the short term category, the bank publishes its popular 15 year refinancing fixed rate mortgage loans at a lending price of 3.938% and an APR yield of 4.134%.

For the seekers of adjustable rate financing options, the bank offers its best 5 year refinancing deals at an interest rate of 3.438%, which come along with an APR yield of 3.175% to start with. However, the more flexible, 7 year refinancing adjustable loans are up for grabs at a starting rate of 3.688% and are coming out with an annual return rate of 3.359% today.

The mortgage rates published by banks are normally affected by fluctuations in the prices of mortgage backed financial securities, which rise or fall on the basis of stock market movements. As the Wall Street lost its ground and left the DJIA index wandering at 15337.70, TD bank followed the movement to publish its interest rates. However, the stock prices of TD shares increased by +0.54 and touched 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.