Residential Mortgage Rates Effective November 4, 2011
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Whistler
Real Estate Co Ltd, #137- 4370 Lorimer Road, Whistler, BC V0N 1B4
Prime Rate = 3.00%
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TERM
(fixed)
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Bank
Rate
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BEST
Broker
Rate
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1 Year
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3.50
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2.80
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2 Year
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3.85
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3.09
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3 Year
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4.35
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3.19
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4 Year
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4.99
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3.09
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5 Year
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5.39
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3.39
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7 Year
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6.35
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4.49
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10 Year
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6.75
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4.79
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15 Year
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N/A
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9.55
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18 Year
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N/A
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9.55
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Variable Rate
Mortgages
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Prime
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Prime - 0.30%
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If
you have been stalling on purchasing a home because you're worried about
property values in 2012, you might want to read this article:
House prices and sales will remain stable through 2012, according to the
latest forecast by the Canada Mortgage and Housing Corporation (CMHC).
In its fourth quarter outlook, CMHC predicts the average price will
increase 1.2% from $363,900 in 2011 to $368,200 in 2012. Sales will rise
from 450,100 units in 2011 to 458,500 in 2012, up 1.9%. Housing starts,
however, will drop 2.2% from 191,000 in 2011 to 186,750 in 2012, according
to the CMHC outlook.
For the full article, check out our blog www.gibbardhoffartblog.com
Article
compliments of Canadian Real Estate Magazine
Don't forget our
current contest - any mortgage that funds with Gibbard
Hoffart Financial between November 1, 2011 and March 30, 2012 will
automatically be entered into a draw to win 1 of 3 prizes of up to $1,000
towards their mortgage payment!
Please visit our website for full details www.gibbardhoffart.com
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This entry was posted on November 5th, 2011
| Posted in Mortgage Information