Mortgage Rate Update - Jan. 5, 2010

Happy New Year!


2010 promises to be an interesting year for mortgages and real estate. The final numbers are in for 2009 and prices and volumes of activity have eclipsed 2008. The market has been spurred on by record low interest rates and a very, very slow start to the year. The demand is still strong and, with less listings on the market, there will be pressure on prices to increase.


Interest rates will remain low for the next while too. The Bank of Canada is holding to their commitment to keep rates low into June. The rise in the Canadian dollar will mean that the B of C will have to wait to raise rates. Too soon and they derail the recovery, especially in the manufacturing sector.            
            Bank Prime Rate 2.25%
Bank Posted
1 year
3 year
5 year
10 year
25 year
 *Strings attached to this rate!
 Bold numbers denote change from last posted rates.  
Variable mortgage from Less Than Prime...TODAY at 2.15%!

Courtesy of

Laura Stein - The Mortgage Centre
elephone: 604-657-6535 ext 22


Call Laura today and tell her Lyn sent you!


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