Centum Pacific Mortgages vancouver BC Bank rate dropes .50%

Monday, December 15, 2008

Bank Rate drops .50%

The Canada Prime Rate drops .75%, however the Lenders have only dropped .50%. We are still looking at Variable products at .60 to 1.00% about Bank Prime.  On Friday, Dec 12, we noticed many of the Lenders dropping their Closed fixed rates to under 5%. Some as low as 4.95% for a 5 year term. Plus, the Lenders are looking at dropping even further if you can complete a sale within 30 days, offering a futher deep discount to 4.79% for a five-year term.

There are no comments

Thank you! Your comment has been submitted and is awaiting approval.

Michael La Prairie

Michael La Prairie

CENTURY 21 In Town Realty
Contact Me

Blog Archives