Bank Rate Up a Smidge...
Interest rates have started to bubble in an upward direction. Different lenders have increased different rates for different terms. Will borrowers gravitate to locking in although the Bank of Canada has tried to reassure that they are keeping rates low?
Borrowers have great choices available these days and can really consider their mortgage needs against a myriad of well priced mortgage products.
Bank Prime Rate 2.25%
|
Term |
Best |
Bank Posted |
|
1 year |
2.90% |
3.90% |
|
3 year |
3.05% |
4.15% |
|
5 year |
3.69% |
5.25% |
|
10 year |
5.25% |
6.70% |
|
25 year |
9.15% |
9.75% |
Bold numbers denote change from last posted rates.
Variable mortgage from Prime +.60..TODAY at 2.85%!
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