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.


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RE/MAX Crest Realty | 300-1195 W Broadway, Vancouver, BC V6H 3X5 | PH: 604-716-9301
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