Thursday, October 08, 2009

5 year Variable rate at 2.25%

Interest rates are dropping again. The Variable Interest Rate Mortgage (VIRM) is about prime from prime +.8% so this is good news.
Here are some rates
5 year Variable rate at 2.25%
Fixed rate:
1 year 2.70%
2 year 3.05%
3 year 3.55%
4 year 3.59%
5 year 3.84%
Up to 12 Months rate hold at 4.49% for 5 years fixed
some banks such as CIBC current offers:
Zero Down Payment available with 5% cashback
$500 cashback for First Time Home Buyer
Free appraisal

I hope this finds you Happy and Healthy!

All the Best!

Mark

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


Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS Newsletter
RE/MAX Realty Specialists Inc.
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