BC Mortgage Rates
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Vancouver Mortgage Rates – June 29th, 2009
I post the best mortgage rates in BC on a weekly basis or more frequently if the market is volatile.
I encourage you to enquire about rate changes. The lenders will typically have quick close rates to boost their month end numbers. Call 604-644-0826 for updates.
The Bank of Canada prime changed in the last rate update. Here are the latest mortgage rates for BC.
Bank of Canada Prime: .25% Next rate BOC update is July 21st, 2009
Lender Prime rate: 2.25%
6 month closed: 3.95% Even
1 Yr Closed: 2.75% Down
2 Yr. Closed: 2.95% Even
3 Yr. Closed: 3.55% Up
4 Yr. Closed: 4.09% Up
5 Yr. Closed: 4.24% up – Conditions apply
7 Yr. Closed: 5.25% Even
10 Yr. Closed: 5.25%
Variable Rate Closed: Prime +.40%
Variable Rate Open: Prime + .80%
Line of Credit: Prime + .90%
I also include links to the banks rate tables for your convenience. Regretably, the banks do not post their best rates…you still need to haggle. If you have the time for such things, here is a starting point.
Royal Bank 1, 2, 3, 4, 5 Year Fixed Rates and Variable Rates.
TD Canada Trust 1, 2, 3, 4, 5 Year Fixed Rates and Variable Rates.
CIBC 1, 2, 3, 4, 5 Year Fixed Rates and Variable Rates.
Bank of Montreal 1, 2, 3, 4, 5 Year Fixed Rates and Variable Rates.
