Toronto mortgage interest rates have taken a definite U turn from the direction predicted by economists at the beginning of the year. It looks like low interest rates may be here to stay for a while longer. I can currently offer a 5 year fixed at an unprecedented low rate of 3.75%, subject to lender restrictions. However, it is a very clear indication of where rates are headed. Last week some conservative lenders had increased their fixed 5 year rate to 4.50% but were quick to reverse that decision. If you don’t see a rate here or have any questions, please contact me here.
1 year fixed – 2.30%
3 year fixed – 3.45%
5 year fixed – 3.89%
3 year variable – Prime-.10% (2.15% effective rate)
5 year variable – Prime-.25% (2.00% effective rate)
RATE SPECIALS
5 year fixed – 3.75% (must close by Feb 23rd 2010, purchase & refinance only)
3 year variable Prime-.30% (1.95% effective rate closing in 30 days, purchases & refinance only)
NOTE: Rates are subject to change without warning at the lender’s discretion.
Schedule a call directly into my calendar below to make an appointment to discuss your mortgage options.
