Mortgage Rates lowest in years

Below is a quick review on mortgage rates over the past 3 years.  As you can see, rates have fallen 26.21% since October 2007 on a 5 year term.

Current Mortgage Rates - 1/3/5 Year Rates

Oct 2009

Oct 2008

Oct 2007

1 Year

3.70%

6.35%

7.25%

3 Year

4.35%

7.05%

7.40%

5 Year

5.49%

7.20%

7.44%

It's Your Career - I'm Here To Support YOU!,

Constantine Isslamow

Real Estate Broker/Mortgage Broker/Manager

Century 21 United Realty Inc. Brokerage/CENTUM Core Financial Inc.

Independently Owned and Operated

www.Twitter.com/ConstantineC21

CENTUM Core Financial Inc. Brokerage License #: 10642 Constantine Isslamow License#: M08005391

 

Source: Bank of Canada

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