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!
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.
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