Interest rates on the longer terms came down last week, especially the 5 year term. Lenders are starting to pass along some of the some of the good things to get the economy rolling. The Real Estate market appears busier with open houses reporting an increase in traffic. Keep floating variable rate mortgage holders!
Bank Prime Rate 3.00%
|
Term |
Best |
Bank Posted |
|
1 year |
3.50% |
5.00% |
|
3 year |
4.69% |
5.55% |
|
5 year |
4.39% |
5.79% |
|
10 year |
6.05% |
7.35% |
|
25 year |
9.25% |
9.75% |
Bold numbers denote change from last posted rates.
Courtesy of
Laura Stein - The Mortgage Centre
Telephone: 604-657-6535 ext 222
www.mortgagecents.ca
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