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
| Term | 6 Month | 1 Year | 2 Year | 3 Year | 4 Year | 5 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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