Mortgages On Sale
Lenders are eager to lend money these days amid the busy Real Estate market and the speculation of economic recovery. Competition is fierce and we are seeing a decrease in the spreads that lenders charge,
There is no immediate threat of rates rising and floating is still a great way to go. The Bank of Canada remains committed to another 9 months at this rate. The longer term rates have hit a low, risen a bit and now coming back down.
Bank Prime Rate 2.25%
|
Term |
Best |
Bank Posted |
|
1 year |
2.55% |
3.75% |
|
3 year |
3.49% |
4.65% |
|
5 year |
3.69%* |
5.85% |
|
10 year |
5.45% |
7.15% |
|
25 year |
9.25% |
9.75% |
*Strings attached to this rate!
Bold numbers denote change from last posted rates.
Variable mortgage from Prime +.20...TODAY at 2.45%!
Courtesy of
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.
Comments:
Post Your Comment: