Mortgage Rates Update For September 19, 2011

In: Mortgage News

19 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.

Rates:

1yr 2.89%
2yr 2.99%
3yr 2.69%
4yr 2.89%
5yr 3.19%
6yr 4.29%
7yr 4.49%
3yr variable closed (Prime – .70%) = 2.30%
5yr variable closed (Prime – .60%) = 2.40%

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