Friday, February 20, 2009

5 year mortgage interest rate just dropped again to 4.34%

The 5 year rate just dropped again to 4.34%...more to come.. We may see prime drop another 1/4% in the next March
See the table below for current rates, bank prime is currently 3.0%
Variable rates are being posted at prime plus .8% so this means 3.80% on variable
Term6 Month1 Year2 Year3 Year4 Year5 Year
Posted Rates*6.20%6.75%7.05%7.05%7.05%7.45%
Best Rates*5.90%3.99%4.75%4.74%4.39%4.34%

I hope this finds you Happy and Healthy!

All the Best!

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate


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