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
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