Rigth now is the best time to look at refinancing your home.  Rates are very low right now (Best so far is 3.9% for a 2 year fixed.  If your mortgae was done in the last two years your rates will have been higher than they are know.  even for a straight switch it would be great because your mortgage payments would be lower than they are.  If you need to consolidate some of your debt (or all of your debt) into your mortgage you may be looking at a just slightly higher payment depending on your ammortization period.

It could very exciting for those we are a little in debt but have equity in thier homes.  Your mortgage payment may be higher but the credi card payments and or car payments would be gone. 

Term Our Discounted Posted Bank Rate
Adjustable 0.80 below prime Prime 2.5%
1 Year 3.25% 5.50%
2 Years 3.90% 5.75%
3 Years 3.99% 5.57%
4 Years 4.14% 5.69%
5 Years 5.19% 5.79%
7 Years 5.90% 7.00%
10 Years 6.05% 7.35%
  rates as of March 10, 2009  
  Rates can change w/o notice  

 

Here are the rates as we have then here in Calgary AB

 
This post has been included in Alberta Real Estate News Calgary Region, AB Real Estate News Calgary, AB Real Estate News
Post is included in group: Local Expert
Post is included in group: Mortgages
Post is included in group: POSITIVE ATTITUDE for the Weary Soul
Post is included in group: Posts to Localism
Post is included in group: We Are Women!

2 Comments on Calgary Mortgage Rates to hot to turn down

MAR
12
2009
319,021 Points 2 Featured Posts Localism Sponsor

Wow - Prime minus .8% that is smokin HOT! That's a rate of 2.45%! Most banks in my area are putting an artifical floor in.  By this I mean they are doing Prime or Prime plus whatever but they are incorporating a floor that prohibits the rate from going below 4.5%.

:)
11:51am • #1
MAR
15
2009
1,056,434 Points 27 Featured Posts Outside Blog Called Shot Master

Those are some pretty aggressive rates. I have seen a couple of mortgage brokers here offering 3.83% and 3.87%.
6:29pm • #2


What does the graphic say?
Leave a response…

(optional)
Spam Prevention:
 

Lynn Meldrum

Calgary, AB

More about me…

Lynn Meldrum with Verico Canada First Mortgage

Address: Calgary , AB, T2J 6X8

Cell Phone: (403) 554-9142

Email Me



Links

Archives

RSS 2.0 Feed for this blog

Find AB real estate agents and Calgary real estate on ActiveRain.