| Thursday, December 10, 2009 Mortgage Rate Update - December 12, 2009by Lyn Hart on Thu, Dec, 10, 2009 09:28 PM
Holding Steady!
No changes were made at the Bank of Canada meeting...
“The target overnight rate can be expected to remain at its current level until the end of the second quarter of 2010.” - Canadian Mortgage Trends
The bond market continues to be favorable for low rates on the longer term mortgages. The real estate market continues to stay busy as we near the end of 2009.
Bank Prime Rate 2.25%
|
Term |
Best |
Bank Posted |
|
1 year |
2.25% |
4.5% |
|
3 year |
3.25% |
5.15% |
|
5 year |
3.89%* |
5.84% |
|
10 year |
5.25% |
7.15% |
|
25 year |
9.30% |
9.65% |
*Strings attached to this rate!
Bold numbers denote change from last posted rates.
Variable mortgage from Less Than Prime...TODAY at 2.15%!
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