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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