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Mortgage Broker Calgary Blog

Five year fixed rates drop down to 3.43%

Five year fixed rates drop down to 3.43%

posted in Mortgage News

Canada Mortgage Rate Update


Market Commentary

After moving from 3.69% to 3.59% two weeks ago, the five year fixed rate has yet again dropped with a few lenders in Canada. Pre-Approval can be held for 120 days.


Luke's Analysis:

in May 2013, five year fixed rates were near an all time low- 2.79-2.89% range; after a quick surge into the high 3% range, five year money has continue to adjust back down. I expect rates to continue to reduce over the next month by at least 0.10%.

 

Mortgage News

22 dNov, 2013

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