A combination of positive economic data, the high Canadian dollar and probably the most important factor, the end of RRSP season in mid March when lenders artificially kept rates low to attract business, has caused two increases to fixed rate mortgages over the past 10 days. The difference between current fixed rates (4.59%) and current variable rate mortgages (1.75%) is 2.84% making variable a very attractive option today. Mortgages aren’t a one size fits all product, please call or write me if you would like to see what option suits you best.
Christopher Molder – Son Of A Broker
Fixed 1 year – 2.95%
Fixed 3 year – 3.95%
Fixed 5 year – 4.59%
SPECIAL Fixed 5 year – 4.44% (must close before May 31st)
3 or 5 year Variable P-.50 (1.75%).
NOTE: Rates are subject to change without warning at the lender’s discretion.