Rates Low
With rates staying low for the next while, most experts agree your best option right now is a 5 year fixed rate. We have options is the 3.79-3.84% range depending on the terms you are looking for. You can also opt for a variable rate mortgage as low as 2.15%, but you can expect to see prime rate rise midway through 2010. Housing sales have been strong in Vancouver with pent up demand and low rates being a factor. Until next time.. take care!