Prime rate is dropping from 3.00% to 2.85%. Most lenders have made the announcement and the balance will be making the changes shortly if they have not already done so.
This change assists Variable Mortgage rate clients, student loans, lines of credits... since the rates are based on Prime +/- a certain amount.
Below are some recent changes to rates. Keep coming back as there are more changes to come and if you want up-to-date info, please PM or call.
Current Rates to Open Week January 25, 2015
Special Rate Offer
3 Year - 2.59% (High Ratio only)
Quick Close - Close within 45 days
3 Year ARM - 2.25% (Prime - 0.75%)
90 Days - Some restriction apply (call/email for more details)
5 Year Fixed - 2.79%
Quick Close - Close within 45 days
Full Feature Rates -- 90 to 120 day rate protection
Starting at:
3 Year Fixed -
2.69%
4 Year Fixed -
2.79%
5 Year Fixed -
2.84%
3 Year + ARM -
2.30% * Maturity is May 2018
5 Year ARM/VRM -
2.35%
Restricted / Conditions apply Rates
Starting at:
5 Year Fixed -
2.69%* Conventional & High Ratio
5 Year VRM -
2.20* High Ratio
5 Year VRM -
2.30* Conventional & High Ratio
* Conditions / Restrictions Apply - Call or PM for details
Call or PM for MORE
"UnPublished" rates or other term information.
OAC, some terms and conditions may apply, rates subject to change without notice