Friday the 13th is Your Lucky Day!
We are certainly having fun now with interest rates….saw a glimpse of 4.19% for a 5 year term this morning. There are strings attached and certain rules apply, but the market is moving in the right direction. Most are at 4.39% for 5 years.
Variable mortgages are being offered at prime plus .80%. The next Bank of Canada is March 3rd. Watch for any changes on this date.
Bank Prime Rate 3.00%
|
Term |
Best |
Bank Posted |
|
1 year |
3.50% |
5.00% |
|
3 year |
4.50% |
5.55% |
|
5 year |
4.19% |
5.79% |
|
10 year |
6.00% |
7.35% |
|
25 year |
9.15% |
9.75% |
Variable mortgage from Prime + .80%
Bold numbers denote change from last posted rates.
Courtesy of
Laura Stein - The Mortgage Centre
Telephone: 604-657-6535 ext 222
www.mortgagecents.ca
Comments:
Post Your Comment: