Lower Rates Fuel Market
Interest rates this week continued to ease on down. There is a 5 year term at 3.59% this week with others in the range of 3.69% to 3.79% depending on the type of mortgage a borrower requires. People are rate shopping and should be paying attention to the guidelines that will affect their future mortgage happiness, along with the rock bottom rates that will affect their bottom line. Variable mortgages are still a great bet.
Bank Prime Rate 2.25%
|
Term |
Best |
Bank Posted |
|
1 year |
2.90% |
4.20% |
|
3 year |
3.15% |
4.90% |
|
5 year |
3.59% |
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 +.75%...TODAY at 3.00%!
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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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