TD Canada Trust Lowers Closed VIRM Rates

We are pleased to advise the Closed VIRM Discretion Pricing has decreased to .60%, with a new rate offer of 2.85% effective May 27th, 2009. The 10 Year Special Offer at 5.25% has been extended, please review the below for details.

TD Rate changes in effect Febuary 2009

Term	Rate	Change
6-month convertible	5.20	N/A
1-year open	7.45	N/A
1-year closed	5.00	N/A
2-year closed	5.75	N/A
3-year closed	5.75	N/A
4-year closed	5.69	N/A
5-year closed	5.79	N/A
6-year closed	6.40	N/A
7-year closed	7.00	N/A
10-year closed	7.35	N/A
1-year closed Special	4.00	N/A
4-year closed Special	4.39	N/A
5- year closed Special	4.49	N/A

 

Variable Interest Rate Mortgages	TD Mortgage Prime	Variance	Rate
Closed VIRM: Rate is TD Mortgage Prime + 0.80%	3.00	+0.80	3.80
Open VIRM: Rate is TD Mortgage Prime + 1.00%	3.00	+1.00	4.00
Home Equity Line of Credit	TD Prime	Variance	Rate
Float: Rate is TD Prime + 1.50%	3.00	+1.50	4.50

Change in VIRM Mortgage Rates

Great news! TD has changed the VIRM Mortgage rates to Prime +.08 and Prime +1 for the open product.

TD HELOC rates remain at prime +1.5%

Subject:	Change in VIRM Mortgage Rates (effective January 1, 2009)
Attention:	TDBFG Employees
Date:	December 30, 2008

SUMMARY

Effective January 1, 2009, rates have changed as follows:

 

Term	Rate		Change
6-month convertible	5.90		N/C
1-year open	8.55		N/C
1-year closed	5.60		N/C
2-year closed	6.25		N/C
3-year closed	6.25		N/C
4-year closed	6.09		N/C
5-year closed	6.75		N/C
6-year closed	7.00		N/C
7-year closed	7.20		N/C
10-year closed	7.55		N/C
5- year Special	5.59		N/C
Variable Interest Rate Mortgages	TD Mortgage Prime	Variance	Rate
Closed VIRM: Rate is TD Mortgage Prime + 0.80%	3.50	+0.80	4.30
Open VIRM: Rate is TD Mortgage Prime + 1.00%	3.50	+1.00	4.50
Home Equity Line of Credit	TD Prime	Variance	Rate
Float: Rate is TD Prime + 1.50%	3.50	+1.50	5.00

Notes:

Change in Residential Mortgage Rates TD Canada Trust

Change in Residential Mortgage Rates

Effective December 11, 2008, mortgage rates have decreased as follows:

Term	Rate		Change
6-month convertible	5.90		-0.20
1-year open	8.55		N/C
1-year closed	5.60		N/C
2-year closed	6.25		-0.20
3-year closed	6.25		-0.20
4-year closed	6.09		-0.20
5-year closed	6.75		-0.20
6-year closed	7.00		-0.20
7-year closed	7.20		-0.20
10-year closed	7.55		-0.20
5- year Special	5.59		-0.20
Variable Interest Rate Mortgages	TD Mortgage Prime	Variance	Rate
Closed VIRM: Rate is TD Mortgage Prime + 0.60%	4.00	+0.60	4.60
Open VIRM: Rate is TD Mortgage Prime + 0.85%	4.00	+0.85	4.85
Home Equity Line of Credit	TD Prime	Variance	Rate
Float: Rate is TD Prime + 1.00%	3.50	+1.00	4.50

TD Prime Change Effective October 14th 2008

TD Canada Trust has made the following changes to rates:

* Decreased the TD Prime lending rate to 4.35%, effective October 14th 2008

This change affects the float portion of the HELOC product

Note: TD Mortgage Prime will change on November 1st which will impact the VIRM Products.

Today TD Canada Trust announced that it will be passing along more of the rate savings to consumers, it is strange to see rates move in ’stages’ but these are uncharted times to say the least.