Market Heating Up!
Interest rates have basically stayed the same this week. There is a little bit of movement in the variable rates as some lenders have decreased. The 5 year bond rate is up…..this could put pressure on the 5 year rate to increase. Interest rates should continue to be low for a long period of time yet but we may be seeing the bottom of the five year rate. Locking in may be a good idea for some but each borrower should have a look at their existing rate and what the lock in rate would be. Is it worth having your payments go up?
Bank Prime Rate 2.25%
|
Term |
Best |
Bank Posted |
|
1 year |
2.90% |
3.90% |
|
3 year |
3.05% |
4.15% |
|
5 year |
3.59% |
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%!
Courtesy of
Call Laura today and tell her Lyn sent you!
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
Comments:
Post Your Comment: