In: Mortgage News19 Sep 2011
No indication of rates increase as the rates sit tight at 3.19% for 5 year fixed mortgages. The lowest in Canada’s history. I would urge everyone to lock their mortgages now to take advantage of these low rates before the Bank of Canada will start increasing the prime rate again.
3yr variable closed (Prime – .70%) = 2.30%
5yr variable closed (Prime – .60%) = 2.40%
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