The bank posted 5 year rate has dropped from 5.69% to 5.59%. That .10% is not significant but it is allowing fixed rates to continue to edge down. Overall, rates are lower than they were a few weeks ago, and a lot of our lenders are beating the posted rate by 1.5% or more. Whether you are a first-time home buyer, thinking of buying an investment property, a new Canadian, or a homeowner looking to re-finance to improve monthly cash flow, it is my mission to save you time and money. Since I’m usually paid by the lender, it’s a “win” for everyone! Mortgage Agent, Invis LIC # M10002459
May 19, 2011
Rates drop - but only slightly
The bank posted 5 year rate has dropped from 5.69% to 5.59%. That .10% is not significant but it is allowing fixed rates to continue to edge down. Overall, rates are lower than they were a few weeks ago, and a lot of our lenders are beating the posted rate by 1.5% or more.
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