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5 Year qualifying rate reduced


Blog by Nick Swinburne | November 16th, 2010


Many banks have decided to move ahead and reduce their 5 year benchmark rate to 5.19% (from 5.29%) - this should help more applicants qualify for home financing.

Please let me know if you would like additional information or a second oppion on a current mortgage application.  I'm here to help.

Current rates are as follows:

Variable: 2.20% (Prime - 0.80)

1 Year Fixed = 2.44%
3 Year Fixed = 3.29%
5 Year Fixed = 3.44%