Once again, I'm going to try to blog on a more regular basis, I'll try for once a week. Mortgage rates are still very low making it a great time for first time home buyers and people thinking about a bigger home. Rates from Assured Mortgages for October 24th are as follows:
LOWEST MORTGAGE RATES
1 YEAR FIXED 2.89%
2 YEAR FIXED 2.49%
3 YEAR FIXED 2.89%
4 YEAR FIXED 3.09%
5 YEAR FIXED 3.39%
** 5 YEAR FIXED 3.29% CMHC PURCHASES ONLY
CLOSING WITHIN 120 DAYS**
5 YEAR FIXED WITH 5% CASH BACK 5.19%
5 YEAR VARIABLE 3.00%
BANK OF CANADA BENCHMARK RATE 5.29%