Interest Rates Still Edging Down!
A five year term 3.69% mortgage hit the streets this week. It has strings attached and may not be suitable for many borrowers but it shows where the market may be heading.Bank of Canada meeting is next Tuesday, April 21st.
The Real Estate market continues to be very active. Multiple offer situations are becoming more common for buyers trying to find a home and you know what that means...higher prices! Is the slide finally over? Is the Buyer’s Market narrowing?
Bank Prime Rate 2.50%
|
Term |
Best |
Bank Posted |
|
1 year |
3.25% |
4.50% |
|
3 year |
3.69% |
5.15% |
|
5 year |
3.69% |
5.45% |
|
10 year |
5.25% |
7.15% |
|
25 year |
9.15% |
9.75% |
Bold numbers denote change from last posted rates.
Variable mortgage from Prime + .80%...TODAY at 3.30%!
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Call Laura today and tell her Lyn sent you!
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