To start the month, there is a new variable rate mortgage! I can now offer Prime minus 40 (1.85%) on 3 year variable mortgages. It was also announced after I recorded my video, that the 5 year fixed rate special that I was offering at 3.69% has been extended for closings up until April 26th. Tomorrow, March 2nd, the Bank of Canada will be making their announcement on the prime rate. They are widely expected to leave the rate unchanged. If you are looking to be approved for a mortgage or have questions about your existing mortgage, get in touch with me.
Christopher Molder – Son Of A Broker
1 year fixed – 2.65%
3 year fixed – 3.50%
5 year fixed – 3.79%
3 year variable – Prime-.40% (1.85% effective rate)
5 year variable – Prime-.30% (1.95% effective rate)
5 year fixed – 3.69% (must close by April 26th 2010, purchase & refinance only)
NOTE: Rates are subject to change without warning at the lender’s discretion.