Rate Update: 5 year fixed NOW 3.74% 3 Year 3.40% Variable Rate Special 2.00% til Jan 31st! http://www.peterlmckinnon.com

BOC holds steady at 0.25% RBC lowers rates, 4.19% 5 yr fixed. Watch for other lenders to head lower! Could we see 3.75% again??

What's up (or more appropriately down) with rates?

With bond yields dropping so are 5 year rates!

Best discounted no frills 5 year fixed now at 3.84% this is a quick close product with limited prepayment options.

If you like more features like 25% prepayments….I have a major lender that has just dropped their five year to 3.99% from 4.19%! more to follow? I think so. Most of the big banks wait for someone to lead the way and then they will follow suit.

This same lender just joined the non bank lenders with a variable at prime minus 0.10%!

Maybe we'll all be in for a nice Christmas present and a Happy New Year!

All the best!

Peter McKinnon 604-506-6789
Centum Pacific Mortgages
peter_mckinnon@centum.ca
www.peterlmckinnon.com

No frills 5 year fixed now at 3.84%
Major lender just dropped to 3.99% from 4.19%! more to follow? www.peterlmckinnon.com to apply!