Finally we are seeing the crack in the wall that has prevented the longer term rates to come down. The US Government is now investing directly in mortgage backed financing which will free up rates on mortgages. The problem has been that the actions taken thus far were not filtering down to the consumer. Similar actions taken by our government will see 5 and 10 year rates coming down. December 9th the Bank of Canada will meet and lower rates, expect a .25% or .50% drop. Keep floating.
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| ||
|
Term |
Best |
Bank Posted |
|
1 year |
4.35% |
6.35% |
|
3 year |
5.15% |
7.05% |
|
5 year |
5.55% |
7.20% |
|
10 year |
6.45% |
8.00% |
|
25 year |
6.75% |
n/a |
Bank Prime Rate 4.00%
Courtesy of
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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