Monday, December 15, 2008

Bank Rate drops .50%

The Canada Prime Rate drops .75%, however the Lenders have only dropped .50%. We are still looking at Variable products at .60 to 1.00% about Bank Prime.  On Friday, Dec 12, we noticed many of the Lenders dropping their Closed fixed rates to under 5%. Some as low as 4.95% for a 5 year term. Plus, the Lenders are looking at dropping even further if you can complete a sale within 30 days, offering a futher deep discount to 4.79% for a five-year term.
For more information on rates and what you can qualify for, please call Centum Pacific Mortgages at 1385 Homer Street, Vancouver, BC, CANADA. Ph 604.603.0999 ro email me at

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