Best Day Rates - October 27
Whistler Real Estate Co Ltd, #137- 4370 Lorimer Road, Whistler, BC V0N 1B4
Yes fall has arrived, lets get it over and on to winter!
I know you and your clients want to know what the future holds in terms of mortgage rates. For the past several months the majority of the pundits have been predicting that rates would stay flat through the balance of 2006 and then drop in 2007 by 1 to 1.5%. Well that prediction seems to be subject to some new views as outlined in the attached article. Funny how it goes with predictions – they change just like the weather. (Speaking of which weather forecasters are not all that accurate either.)
The other interesting comments in the article relate to the predicament the US is having in its housing market. Parts of our market may be suffering from a version of this predicament. However, get ready for the turn to arrive.
Best Day Rates – for fixed rate closed mortgages. OAC subject to change
1 Year 4.99%
2 Year 4.99
3 Year 5.25
4 Year 5.25
5 Year 5.04% some restrictions apply
7 Year 5.33 “
10 Year 5.46 “
Bank Prime Rate 6.00%
Roger Stacey
BComm.Llb. AMP
Whistler Mortgage Company Ltd.
(affiliated with TMG The Mortgage Group)
PO Box 1276
334-4370 Lorimer Rd., Whistler, BC V0N 1B0
Phone 604-935-5600
Fax 604-935-5699
email: roger@whistlermortgage.com