Drew & Patti Steeves Team

HomeLife Benchmark Titus Realty

Cell (604) 230-5700

Office (604) 575-5262

Email: drew@drewsteeves.com

Categories

Mortgage Rate Forecast

 

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

Comments:
No comments

Post Your Comment:

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.