Mortgage Interest rates in Canada started the week out on a lower note. For budgeting purposes, the monthly payment factor for $100,000 borrowed is now $455/mo, based on 2.59% 5 year fixed mortgage amortized over 25 years. Keep in mind lenders often have 30 day "quick close: mortgage specials, as well as 45 and 60 day specials. Keep this in mind when working out possession dates and save your client some money!
About this Realtor Blog
Published specifically for Realtors to keep you abreast of Canadian interest rate trends, economic news, lender programs, and tips to "Help Realtors Sell More Real Estate." Subscribers will get the inside track on what mortgage brokers are seeing on the front lines trying to finance your deals.
Please feel free to invite your collegues to sign up and call with any mortgage questions whatsoever 1.888.540.1715 ext 2.
