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Canada's big banks are marking down many of their rates. It's another tenth of a percentage point drop. That means a five-year fixed-rate will cost you 5.39%, while a one-year closed mortgage will cost 3.5 %. Economists cite a weakening US economy putting downward pressure on general borrowing costs. ...
Rates Effective as at: April 18, 2011
Prime Rate: 3.00%
Qualifying Rate: 5.69%
Financial Institution 3 Yr 5 Yr 7 Yr 10 Yr 5 Yr Variable CENTUM Primo**3.694.095.655.502.30Concentra3.994.29N/A N/A 3.00First National 3.69 4.195.10 5.34 2.25FirstLine 4.004.395.255.34 2.35 Home Trust 4.59 5.09N/A N/A 3.50 ING 3.69 4.29 4.79 4.99 2.25 MCAP ...
Have gone up.
5 year term fixed rates range from 3.94% to 4.09% depending on "real deal" vs pre-approval, size of mortgage, and length of time until closing.
Have gone down a little.
5 year variable rate 2.20% (prime minus 0.80%)
3 year variable rate 2.15%
The rate used by lenders to ...
The major Canadian banks - CIBC, RBC Royal Bank and TD Canada Trust have increased fixed rate mortgages by 0.25 percentage points to 5.44 per cent.
The banks increased it's one-year fixed rate mortgage 0.15 percentage to 3.5 per cent.
The mortgage rates are affected by bond yields. which have also risen as a result of ...
If you are a prospective homebuyer the first thing you need to think about is where you want to live. You have to think about the type of location you need -near schools, outside the city, near a big park.
Then you should look at your budget - what price you can afford based on debt load. Usually person could afford 3.4 ...