RESIDENTIAL MORTGAGE RATES EFFECTIVE: July 9, 2009
|
|
|
Prime Rate = 2.25%*
|
|
TERM
(fixed)
|
Bank
Rate
|
BEST
Broker
Rate
|
|
1 Year
|
3.75
|
2.75
|
|
2 Year
|
4.05
|
3.05
|
|
3 Year
|
4.65
|
3.65
|
|
4 Year
|
5.14
|
4.09
|
|
5 Year
|
5.85
|
4.29*
|
|
7 Year
|
6.80
|
5.35
|
|
10 Year
|
6.90
|
5.25
|
|
Variable Rate
Mortgages
|
Prime + 0.40%
|
2.65*
|
|
|
The Real Estate Market is heating up….
The total number of residential sales in Greater Vancouver in May ’09 (3,524 homes) was 17.4% higher than in May ’08.
The Benchmark Price for residential properties is 4.5% higher than it was at the start of this year (although still lower than it was in May a year ago).
Interest rates seem to be remaining low & stable – if you’re waiting to buy or refinance your existing mortgage, now be a good time to get yourself organized. Please contact our office and we’ll be more than happy to walk you through the process.
|
|
|
|
|
This entry was posted on July 9th, 2009
| Posted in General