Mortgage Update: October 18, 2011

Some adjustments to make regarding both the fixed and variable rates.  The 3 year fixed has increased by .10% and both the 3 and 5 year variable rates have also increase.   Most lenders are offering their variable rates at prime while there are a few lenders that are still offering below prime variable rates.

3 Year Fixed 2.99%

4 Year Fixed 2.99%

5 Year Fixed 3.29%

 3 Year Variable Prime - .20%

5 Year Variable Prime - .20%

 5 Year Cash Back for down payment (100% Financing) 5.29%

 Lenders Prime Rate: 3.00%

Upcoming Bank of Canada meeting’s scheduled for: October 25, December 6, January 17, March 8

 If you are interested in getting pre-approved pass on this information, call me today to get locked in for 120 days (February 15, 2011) with the lender guaranteed lowest contract rate.


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Hans Taal

Hans Taal

Sales Representative
CENTURY 21 Miller Real Estate Ltd., Brokerage*
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