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 email@example.com
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.