Rates Edging Down
Both the long term rates, based on the market, and the short term rates, based on the smaller spreads that lenders are charging, are edging downwards. The bond markets are pulling back from their enthusiasm of the last few weeks and bonds are down both here and in the USA. Floating mortgages continue to be a great option!
Bank Prime Rate 2.25%
|
Term |
Best |
Bank Posted |
|
1 year |
2.55% |
3.75% |
|
3 year |
3.49% |
4.65% |
|
5 year |
4.09% |
5.85% |
|
10 year |
5.45% |
7.15% |
|
25 year |
9.25% |
9.75% |
Bold numbers denote change from last posted rates.
Variable mortgage from Prime +.30...TODAY at 2.55%!
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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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