Current Rates
|
July 28, 2010
|
Bond rates could trigger an increase in the rates, so book your rate with us now to take advantage of incredible low rates
We can do a rate hold for up to 120 days.
Changes will be updated here as we receive official notification.
|
4.29%
5 yr closed
mortgage!
(OAC) |
|
Bank of Canada Rate Change! Prime now 2.75%
Next Bank of Canada Meeting September 8, 2010
|
WOW
2.15%
VARIABLE RATE ! ! !
|
|
Prime rate
|
2.50%
|
|
|
|
Term
|
Product
|
Our
best rates
|
Lender
typical rates
|
|
ARM / VRM
|
closed
|
2.15%
|
2.50%
|
|
1 yr
|
closed
|
2.70%
|
4.50%
|
|
3 yr
|
closed
|
3.50%
|
5.10%
|
|
5 yr
|
closed
|
4.29%
|
6.25%
|
|
10 yr
|
closed
|
5.59%
|
7.35%
|
The rate of return on your bond, can be read through a yield curve, If the increase in bond yield continues to go up, the spread will continue to shrink and this could be a trigger for interest rates to rise. Ideally lenders are looking for a spread between 1.35 and 1.55.
Looking for some historial rates and graphs, check out our new Mortgage Rates and Statistics Page.
VERICO ZANDERS & Associates Mortgage Brokers Inc. have access to over 53 financial institutions.
They will shop to ensure you get the best mortgage option and rate. Whether you are buying your first home or your second home, refinancing, renewing or consolidating your debt VERICO ZANDERS
& Associates Mortgage Brokers Inc. will provide you with a wide range of options. Their mortgage brokers work directly with lenders for all of BC from Port Moody to Fort St. John and all throughout the Yukon Territory including Whitehorse, Tagish, Copper Ridge, Granger, Port Creek to Dawson City.
The rates above represent the typical discounted rate available to borrower with strong credit, qualifying income and assets, on conventional real estate property that meets lending value requirements. The data is for information purposes only and should not be relied upon without verification by contacting VERICO ZANDERS & Associates Mortgage Broker Inc. E & O. Rates are subject to change without notice, are compounded semi-annually, not in advance. In unusual circumstances lender or broker fees may apply. You will be notified in advance if this is the case.
The mortgage rate promotion is offered for a limited time, subject to conditions, OAC and may be withdrawn by the lender at any time without notice. The promotion is for actual deals and may not be rate held. Your best option to secure that product is to apply online or contact us and get your written mortgage commitment!
Check out the latest news on the Economic front on our Latest News and Articles.
To confirm the next Bank of Canada Scheduled Meeting dates check out their website.
Bank of Canada - Interest Rate Announcement Dates - 2010
January 19, 2010
March 2, 2010
April 20, 2010
June 01, 2010
July 20, 2010
September 8, 2010 - Next Meeting Date
October 19, 2010
December 7, 2010
