Blog by Morgan Rice

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Interest Rates LOW!

Interest Rates Are at an all time Low. Its a great time for buyers.  
Residential Mortgage Rates
Effective January 23, 2009*
 

Term 6 Month 1 Year 2 Year 3 Year 4 Year 5 Year 7 Year 10 Year Variable

Posted Rates* 5.20% 4.50% 5.15% 5.15% 5.69% 5.79% 7.00% 7.15%
Special Offers* 4.70% 4.00% 4.65% 4.65% 4.39% 4.44% 5.68% 5.66%  PRIME 3.00%

Fixed rates are compounded half-yearly, not in advance. Interest rates are subject to change at any time, without notice. Variable rates are compounded monthly, not in advance. Royal Bank Prime rate is an annual variable rate of interest announced by Royal Bank of Canada from time to time as its prime rate. Rates are subject to change at anytime without notice. Special Offers are based on a $250,000 to $300,000 mortgage for the applicable fixed term. Variable rate based on all mortgage amounts. Mortgages must be advanced within 90 days of date of application in order to qualify for Special Offers rate. Special Offers may be changed, withdrawn or extended at any time, without notice. Rates shown are for residential properties only and are subject to meeting lenders credit granting criteria