Friday, December 7, 2007

Mortgage Rates for December 7 2007 Updated

I post the best mortgage rates in each category.

Vancity has changed its rates to 6.15% for 7 years and 6.40% for 10 years.
Our best rates remain unchanged from this morning.

Duncan's Best Mortgage Rate Pick’s

6 month open - 8.55%
6 month closed - 5.95%
1 Year Open - 9.20%
1 Year Closed - 5.55%
2 Year Closed - 5.65%
3 Year Closed - 5.70%
4 Year Closed - 5.85%
5 Year Closed - 5.89%
7 Year Closed - 6.05%
10 Year Closed - 6.15%

VRM-Closed: P -. 75% VRM-Open: P - .50%
Bank of Canada Rate: 4.25%
Prime Rate (P): 6.00%

Have a great week and and if you have any questions about mortgages in BC visit us on the web.

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