Mortgage rates are declining

August 12/09

Mortgage rates hit under 4% again. DO you remember last September when we were under 4%. At the moment one bank is offering 3.99% for a five year closed fixed mortgage. Many of the Lenders have started to follow the downward trend, but have not broken the 4% mark as yet. Variable rate products are starting to see a decreae as well. We soon could be seeing Prime Less products.

If you any questions about mortgages and rates, please feel free to contact me: Doug Atkinson at 604-219-9977 or email me at doug_atkinson@centum.ca or drop by my office at 1385 Homer Street, Vancouver, BC.

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