TD Canada Trust announces special fixed rate mortgage offers for customers
considering the benefits of locking in

    -  7-year closed 4.95%
    -  10-year closed 5.20%

TORONTO, Feb. 12 /CNW/ - TD Canada Trust has changed its residential mortgage interest rates, effective February 15, 2010.

"With talk of the possibility of interest rate increases in the future, more and more borrowers, especially first time homebuyers, are considering locking into a longer term mortgage at a fixed interest rate," said Chris Wisniewski, Group Product Manager, Real Estate Secured Lending, TD Canada Trust. "TD has a full range of mortgage products to suit the needs of our customers and we're excited to be able to add another attractive option with this special offer at a discounted rate for a seven year mortgage at under 5%."

Locking into a longer term mortgage is one option to consider, but borrowers have other options too. "To manage debt load and save money in the long run, first time buyers should think about providing a larger down payment, purchasing a home that fits their budget, calculating their mortgage payment based on a shorter amortization, and assessing affordability using a payment buffer to cover any unexpected increases in their monthly expenses," added Wisniewski.

    The changes are as follows:

    * Posted Fixed Rates                     To:        Change:

        7-year closed                          6.30%      -0.30%
        10-year closed                         6.50%      -0.20%

    *New Special Fixed Rate Offers

    7-year closed                                          4.95%
    10-year closed                                         5.20%

    *Rates calculated semi-annually, not in advance.
    Special rate are at a discount to TD Canada Trust's posted rates

SOURCE TD Bank Group

For further information: For further information: Carolyn Abbass, Paradigm Public Relations, (416) 203-2223 ext.221,

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