Mortgage Rate Update

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Mortgage Rate Update

Here is our latest mortgage rate update. After most lenders increased their rates over the last few months they have now started to come back down again.

Some rates have certain conditions such as they are for owner occupied homes only and others are restricted to being held for certain time periods such as 60 days versus 120 days. Please give our office a call at 604-556-3893 for specific details and what we can do for your particular situation.

  • 5 year fixed closed mortgage: 2.49%
  • 4 year fixed closed mortgage: 2.49%
  • 3 year fixed closed mortgage: 2.20%
  • 2 year fixed closed mortgage: 2.24%
  • 5 year variable closed mortgage: 2.20%
  • Line of credit (open): 3.20%

For more information on our mortgage products please visit our website at www.ymscanada.ca.

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About the Author:

Alex Kotai
Alex Kotai has worked in the mortgage lending business for over 10 years. His career started at HSBC Bank Canada where he spent most of his time in senior management roles which involved training and managing the sales staff at his branch. After leaving HSBC, Alex decided to open his own mortgage brokerage firm, Your Mortgage Source. Through his company, Alex has access to many lenders across the country with a very expansive list of products.