OKANAGAN REAL ESTATE COMPANY

Developing DreamsŪ

Blog by Okanagan Real Estate Company

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Mortage Rates

Fixed mortgage rates are increasing (although Prime is still at 6% right now). If you are thinking of purchasing in the near future (within 120 days) you can apply for a rate hold now with lower rates than what they are inceasing to. For example, some rates are inceasing from 5.09% to 5.3% for a 5 yr fixed. And 5.45% to 5.6% for a 10 yr fixed.