Tuesday, October 19, 2010

[www.vernonmortgagebroker.ca] Rate Notifier - Tuesday, October 19, 2010

 
Randy Kazemir
  Mortgage Professional
  randy.k@mortgagegrp.com
  www.vernonmortgagebroker.ca
Vernon Office:250.938.1258
  Toll free: 1.866.680.5817
  Toll free fax: 1.866.680.6035
   

 
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##Randy Kazemir Tuesday, October 19, 2010##
     
Mortgage Rates Our Rate Bank Rate
1 Year Open 6.70 % 6.70 %
1 Year Closed 2.44 % 3.40 %
2 Year 2.99 % 3.55 %
3 Year 2.90 % 4.10 %
4 Year 3.45 % 4.94 %
5 Year 3.39 % 5.29 %
7 Year 4.50 % 6.09 %
10 Year 4.75 % 6.40 %
The market widely predicted the Bank of Canada would not raise rates, and it was right.
The Bank of Canada has left its key lending rate at 1.00%.
In turn Prime Rate will remain at 3.00%.
The next and final interest rate meeting of 2010 is on December 7, 2010.
For the Bank of Canada press release with the economic outlook for Canada http://www.vernonmortgagebroker.ca/newsarticle.asp?id=1958

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Posted via email from Prince George Real Estate

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