As expected, variable rate spreads have continued falling, now as low as Prime - 0.40%!*
This latest jump pushes totals to a difference in variable rates of over 1.40% in the past 8 months alone. If the trend continues --as I suspect, we could see variable rates falling back to 2008 levels (Prime - 0.90%) within the foreseeable future!
For more information regarding variable rate mortgages, and to get yourself pre-qualified, contact one of the qualified mortgage professionals of Alberta Mortgage @ 780-479-2222 or visit http://www.albertamortgagecentre.com today.
*subject to qualification criteria
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