I was away on a sailing regatta in Delaware this past Monday, so I missed posting my Monday Mortgage Minute interest rate review. However, I saved myself from having to post twice this week because today some exciting mortgage interest rate drops were announced. You can read about the boring technical reasons why rates dropped here. The following are the current rates I can offer for purchases and refinances.
2.70% – 1 Year Fixed
2.90% – 3 Year Fixed
3.49% – 5 Year Fixed (quick close Nov 30th)
3.09% – Merix 50/50 Mortgage (Fixed/Variable hybrid)
P-.60 3 Year Variable (2.40%)
P-.65 5 Year Variable (2.35%)
Prime Rate is currently 3.00%.
Bank of Canada Qualifying rate 5.39%.
NOTE: Rates are subject to change without warning at the lender’s discretion.
If you have any questions, please contact me here or book a call directly into my calendar below.
