Canadian Mortgage Rate Update Effective October 20, 2007

Canadian Mortgage Rate Update October 20, 2007

The Lenders increased their 5 year fixed mortgage rate this week and all other rates remain the same. The Bank of Canada announced this month that they would leave the prime rate unchanged. Below are fully discounted rates available to you.

The Bank Prime Rate is currently 6.25%.

Best Fixed Mortgage Rates:

1 Year Fixed 5.60%
2 Year Fixed 5,65%
3 Year Fixed 5.70%
4 Year Fixed 5.95%
5 Year Fixed 5.99%
7 Year Fixed 6.05%
10 Year Fixed 6.15%

Best Variable Rate Mortgage:

Best variable rate is Prime -.60%

MyMortgageBC.com is a mortgage broker located in Vancouver, BC. If you would like the best mortgage rate, or have any questions regarding the mortgage process you should give us a call at 604-764-6336.