Edmonton Mortgage Rate Update – 11/03/2011
Posted by mark
March 11th, 2011
Edmonton Mortgage Rates
Another weekly Edmonton mortgage rate update. Courtesy of Jason Hatton with the Mortgage Centre.
Rates as of Thursday, March 10, 2011:
| TERM | Mortgage Centre Best rates |
| 6 Month | 3.80 |
| 1 Year | 2.50 |
| 2 Year | 3.15 |
| 3 Year | 3.35 |
| 4 Year | 3.84 |
| 5 Year | 3.84 |
| 7 Year | 4.70 |
| 10 Year | 5.10 |
| Variable rate mtg | 2.20 |
| Prime | 3.00 |
BANK OF CANADA QUALIFYING RATE 5.44
Best Variable rate mortgage: Prime – .80%
Also: 50% Fixed/50% ARM 5 year effective rate @ 3.22%
The rates remain unchanged from last weeks update, but are expected to increase as the year continues. A speculated decrease in Edmonton home prices should make up for the increase in interest rates.
Enjoy the weekend!
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