krista@kristafreeborn.com
www.kristafreeborn.com


Crest Realty Westside
Independently Owned and Operated

The 5 year rate just dropped!

The 5 year rate just dropped from 3.19% to 3.09%.  If you are a buyer and haven't locked in a rate hold yet, you might want to do that now.  Great rate!  

 

News for buyers wanting to buy with a Home Equity Line of Credit...It looks like the loan to value will drop from 80% to 65% by the end of the year so this means if you want to buy with a line of credit, you will have to put down 35% instead of the 20% you can do now.  Again, if this is your desired mortgage, then you may want to look at buying now so you can take advantage of the current 20% down payment.  

 

The prime rate is still 3%, so those of you on a variable rate will not see any changes.

Comments:
No comments

Post Your Comment:

* indicates required fields.
Your Name: *
Please note, your email will not be shown publicly
Your Email (will not be published): *
Comment: *
Please type the text as it appears above:
Blogs
Posts By Date
Categories
RE/MAX Crest Realty | 1428 W. 7th Ave Vancouver, BC V6H 1C1 | PH: 604-716-9301
Designed by: JLafleur.com
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.