Variable Mortgage Rates - 5 year Variable 2.25%(prime)
Current variable mortgage rates are very low but how long will they stay low?
Variable Mortgage Rates- 2.25% 5 year variable rate
On July 21, 2009 the Bank of Canada did not change the Over night lending rate which directly affects variable mortgage rates. Current variable mortgage rates are as low as Prime (2.25) right now and not looking on going up. 2 yeas ago and even up to mid 2008 Prime minus mortgage rates were common and now it looks like variable mortgage rates are coming down again. With everybody looking to get the lowest mortgage rates current variable rates are looking very attractive.
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Alberta Mortgage Rates
Keep on hearing that Alberta Mortgage Rates are LOW - Find out HOW LOW they really are
Alberta Mortgage Rates seem to be all over the place right now. 2 months ago they were at a 3.5% on a five year fixed. After seeing the bond market trending upwards for a month consecutively I was advising all my clients to take advantage of the historically low mortgage rates. And just like I expected the rates sky rocketed to 4.49% with the major banks with in a few weeks. And for those who needed to refinance or were purchasing a property they got into a great Mortgage Rate.
