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Mortgage Rate Update - June 15, 2010

Little Change This Week...

Not much movement with interest rates this week. Some lenders have lowered their 1-5 year fixed rates over the last couple weeks, making the fixed option a little more desirable then it previously was. Also a great time to get yourself pre-approved and lock in these lower 5 years fixed rates. Rate holds are good for up to 120 days, which gives people time to shop around while holding on to yesterdays low rates. Variable Clients…...Still a great time to keep floating!  

          
Bank Prime Rate 2.25%
Term
Best
Bank Posted
1 year
2.64%
4.35%
3 year
3.75%
4.60%
5 year
4.19%

 6.10%5

10 year
5.25%
7.05%
25 year
9.30%
9.65%
 
 
 

 

 
 
 
 
 
Bold numbers denote change from last posted rates.  
 
Variable mortgage from Less Than Prime...TODAY at 1.90%!
 

Courtesy of

Laura Stein - The Mortgage Centre
T
elephone: 604-657-6535 ext 22
2

www.mortgagecents.ca

 

Call Laura today and tell her Lyn sent you!

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