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28 Jul

How will slow inflation affect our interest rates? Mortgage Market Update July 28, 2017

General

Posted by: Anne Martin

 

MARKET UPDATE

How will slow inflation affect our interest rates?

  Click here to find out


Best rates are as low as 2.94 – 3.34
*high ratio purchase for a 5 year fixed, variable rate prime minus .70%
*OAC  **conditions apply

This is a critical time to sit down and review your household financing needs. Please do not hesitate to contact me should you have any questions.

If you are in the market for a home, or need to refinance in the next year, it is really important to make an appointment today to find out how these changes may affect you.

Current Interest Rates

Terms Bank Rates Our Rates
6 Month 3.14% 3.10%
1 YEAR 3.04% 2.44%
2 YEARS 2.84% 2.24%
3 YEARS 3.44% 2.34%
4 YEARS 3.89% 2.69%
5 YEARS 4.84% 2.94 – 3.34
*high ratio purchase%
7 YEARS 5.30% 3.34%
10 YEARS 6.10% 3.64%
Rates are subject to change without notice. *OAC E&OE
 Prime Rate is 2.95%

Variable rate mortgages from as low as Prime minus .70%

 **Please note that rates shown above are subject to change without notice. The rates shown are  posted rates and the actual rate you receive may be different, depending upon your personal financial situation. “Some conditions may apply. Rates may vary from Province to Province. Rates subject to change without notice. *O.A.C. E.& O.E.”

Check with your Dominion Lending Centres Mortgage Professional for full details and to determine what rate will be available for you.

*O.A.C., E.& O.E.