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.