5 Year Fixed Mortgage Interest Rates Continue Slide

Published by Anuj Gupta, AMP, BComm
Mortgage Associate

5 year fixed rate mortgage interest rates have continued their downward fall since late-July, now falling as low as 3.79%. I expect that increased appetite for mortgage loans in the fixed interest rate segment by Canadian Mortgage Lenders will lead to further reductions in rate.

At the same time, the Bank of Canada(BoC) reduced its mortgage qualification rate by another 0.1% this week; now down to 5.49%. With this move, more Canadians are able to qualify for variable rate mortgages, as well as qualify for fixed terms shorter than 5 years.

For more information regarding mortgage rates and qualification, contact one of the qualified mortgage professionals at Alberta Mortgage at 780-479-2222 or visit http://www.albertamortgagecentre.com.

Fixed rates continue slide

5 year fixed rates have dropped again. As of today, potential and existing home owners in Canada can get a mortgage with a 5 year fixed mortgage interest rate as low at 3.89%.*

For more information regarding mortgage interest rates, or to get pre-qualified, contact one of the qualified mortgage professionals at Alberta Mortgage at 780-479-2222 or visit www.albertamortgagecentre.com.