According to my mortgage broker good deals are here to stay.
It doesn't seem like the rates are going to increase in the near future.
However, you never know for sure. The best way is to get pre-approved NOW!. It doesn't cost you anything to get pre-approved, and you will know what your rate is when the time comes to write that deal.
"Hopefully the down trend continues. Some excellent specials you and your clients that don't have holds
might want to be aware of. Note these are for live deals - principle residence and could be pulled any time with some restrictions. No holds/pre-approvals.
4.09% 5 year fixed - I'm sold that 5 year is the way to go.
3.99% 5 year fixed if mortgage over $500,000
3.85% 4 Year fixed
3.39% 3 year fixed
Variable:
If riding prime and plan to lock-in this is the best deal out there:
2.40% 3 year variable Prime + 0.15% - lock-in to best discount at any time.
2.55% Prime + 0.30% - 5 year variable - lock-in to best discount at any time.
Courtesy of:
Greg Viger
Mortgage Expert, AMP
greg@yourmb.com
If you are looking to Buy or to Sell real estate in Vancouver area, give me a call. My consultations are FREE. The benefits to You, may be worth a lot of money.
Call Jeff Stark at 604-506-8481 or email me at jeff@jeffreystark.net
