Close X
Wednesday, December 11, 2024
ADVT 
National

TD Bank Hiking Rates For Longer Mortgages And Rental Properties Thursday

The Canadian Press, 01 Dec, 2016 11:29 AM
    TORONTO — TD Bank (TSX:TD) is hiking rates for fixed mortgages with longer amortizations and all mortgages on rental properties.
     
    Effective Dec. 1, the lender will charge an additional 10 basis points to their overall rate for all new fixed amortizations of 25 years or more.
     
    That same day, all new mortgages on rental properties will have 25 basis points added to their overall rate.
     
    The changes follow a move by TD on Nov. 15, in which it raised its special rate offer for a four-year fixed mortgage by five basis points and for a five-year fixed mortgage by 10 basis points.
     
     
    TD spokeswoman Cheryl Ficker said in an email that the bank regularly reviews its rates and adjusts them based on a number of factors.
     
    These include the cost that it pays to fund mortgages and the competitive landscape, she said.

    MORE National ARTICLES

    China-India In A New Face-Off After Incursion In Ladakh

    China-India In A New Face-Off After Incursion In Ladakh
    A stand-off was witnessed between Indian and Chinese forces along the Line of Actual Control (LAC), but the Indian Army on Thursday denied any "incursion" by the Chinese troops on Indian side.

    China-India In A New Face-Off After Incursion In Ladakh

    TSB Rules Fuel-flow Problem Likely Forced Pilot To Land On B.C. Highway

    RICHMOND, B.C. — An investigation has determined that trouble with the flow of fuel into the engine of a small plane likely forced the pilot to land on Highway 97 near Osoyoos, B.C., last year.

    TSB Rules Fuel-flow Problem Likely Forced Pilot To Land On B.C. Highway

    Britain's Theresa May Calls Up PM Modi Ahead Of Visit

    Britain's Theresa May Calls Up PM Modi Ahead Of Visit
    During the telephonic call, the two Prime Ministers exchanged Diwali greetings, the PMO said.

    Britain's Theresa May Calls Up PM Modi Ahead Of Visit

    Time To Get Out? B.C. Gang Exit Is Here

    Time To Get Out? B.C. Gang Exit Is Here
    The $500K investment to expand the BladeRunners and STEP programs is funded by the 2016-17 Employment Services and Supports (ESS) Rapid Response Fund, under the Canada-BC Job Fund. 

    Time To Get Out? B.C. Gang Exit Is Here

    Ottawa Fertility Doctor Accused Of Impregnating Patients With His Own Sperm

    Ottawa Fertility Doctor Accused Of Impregnating Patients With His Own Sperm
    An Ottawa fertility doctor is facing allegations he used his own sperm to impregnate women

    Ottawa Fertility Doctor Accused Of Impregnating Patients With His Own Sperm

    Former Napa Valley Winemaker Arrested For Fraud

    Former Napa Valley Winemaker Arrested For Fraud
    SAN FRANCISCO — A former Napa winemaker is facing fraud charges for allegedly mislabeling cheap wines as pricy cabernets.

    Former Napa Valley Winemaker Arrested For Fraud