Steady As She Goes.
Another week of positive news regarding Canadian Real Estate and general confidence. All central banks are cautioning that the recovery will be slow and long. All expect to keep rates down for an extended period of time. In Britain they do not see inflation for the next 5 years (inflation causes rates to rise). The USA is also downplaying a speedy recovery and, in fact, we are still seeing a decline in many parts of their economy.
Low rates and a busy market with prices solid and potentially going up. Still a fantastic time to purchase or refinance an existing mortgage.
Bank Prime Rate 2.25%
|
Term |
Best |
Bank Posted |
|
1 year |
2.65% |
3.75% |
|
3 year |
3.55% |
4.65% |
|
5 year |
4.19% |
5.85% |
|
10 year |
5.50% |
7.15% |
|
25 year |
9.15% |
9.75% |
Bold numbers denote change from last posted rates.
Variable mortgage from Prime +.30...TODAY at 2.55%!
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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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