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Posted in fixed, variable, interest rates, market information, Vancouver, Fraser Valley, Canada, statistics, mortgage rates, lending, buying, selling,

 

As the second quarter of 2014 draws to a close in the real estate market there’s good news for buyers as mortgage rates continue to remain low. Here are a few highlights from the recent BCREA Report:

 

- Posted & recorded mortgage rates pushed to record lows due to long range interest rates & competition in the mortgage market

 

- Many lenders advertised a 3% 5 year fixed rate & highly discounted variable rates

 

- The new normal for interest rates is anticipated to be lower than in the past

 

Click here to view the whole report.

 

Image Source: BCREA

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