Toni Pohl

Phone: 604-725-6702 |

Blogs
Posts By Date
Categories

FIVE-YEAR MORTGAGE RATE REACHES HISTORICAL LOW

According to the BC Real Estate Association, history was made in the first quarter of 2014 as some chartered banks lowered their posted five-year mortgage rate (the qualifying rate for high-ratio mortgage approval) to 4.99 per cent, the first time the five-year posted fixed rate has ever been below 5 per cent. Interestingly, this record-breaking move in mortgage rates comes at a time when five-year Government of Canada bond yields are well off their own historical lows.

For details view the PDF .

Source:  BC Real Estate Association


Comments:
No comments

Post Your Comment:

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.