Residential Mortgage Rates

Effective April 11, 2019

From Gibbard Group Financial

Term

(Fixed)

PURCHASES and REFINANCES 

(25-year amortization)

 RENTAL

properties

1 Year 

3.34%

3.49%

2 Year 

3.19%

3.34%

3 Year 

2.99%

3.34%

4 Year 

3.29%

3.39%

5 Year 

3.19% - 3.39%

3.39% - 3.49%

5 Year

(high-ratio)

3.09%

N/A

7 Year 

3.79%

3.94%

10 Year 

4.19%

4.34%

Term (VRM) 

 

 

5 Year 

P - 0.50% - P - 1.00%

Prime - 0.45%

3 Year 

P + 0.15%

N/A

Rates are subject to change without notice.

* OAC, E, & OE

 

Prime Lending Rate

 3.95%

Benchmark Rate

 5.34%

 

We just saved a client $5,455 with our Personal Rate Watch Program...
 
In this ever-changing rate environment, you might be wondering what happens if the interest rates drop during the mortgage process? If the rates drop prior to your completion date, we will automatically contact the lender on your behalf and request the lower rate. But what exactly does that mean for you?
 
Here is a recent example of how we saved a client $5,455 in interest simply by getting the rate dropped prior to their completion date.
 
Our clients were all approved for a mortgage with their completion date coming up soon. A couple of days before their closing date the rate dropped from 3.59% to 3.29%. They had already signed with the notary but we were still able to get the rate lowered for them. The drop in interest rate saved them $60 a month and over $5,000 in interest!! 
 
Sounds simple right? You'd be surprised to know that most Banks and Brokers DON'T offer this service to their clients....a service that could save you thousands!  
 
If you have any questions, please don't hesitate to contact us!
 
Contact us with any mortgage or insurance questions. We're here to help!!
(604) 313-3199

 

Gibbard Group