Cell: 604.803.5450
Info@ParrottaRealEstate.com

Mortgage rates are on the rise, 5 year rates are up to the 3.25% range.  Granted, the rates are still amazingly low... let's hope they stay low.  Every time the rates are increased, it weakens your buying power.  That is, reduces the total amount you can borrow.  If you're thinking about buying or re-financing, this is why it's important to lock in a rate with your mortgage broker / banker.  They will hold a rate for up to 120 days so that if rates spike again, you can still get a mortgage with the lower rate you locked in. 


For great mortgage related information - check out this website:

http://www.canadianmortgagetrends.com/canadian_mortgage_trends/mortgage-regulations/

 


Read full post
Categories:   Birchland Manor, Port Coquitlam Real Estate | Bolivar Heights, North Surrey Real Estate | Brentwood Park, Burnaby North Real Estate | Burke Mountain, Coquitlam Real Estate | Canyon Springs, Coquitlam Real Estate | Cariboo, Burnaby North Real Estate | Central Coquitlam, Coquitlam Real Estate | Central Meadows, Pitt Meadows Real Estate | Central Pt Coquitlam, Port Coquitlam Real Estate | Citadel PQ, Port Coquitlam Real Estate | Clayton, Cloverdale Real Estate | Cloverdale BC, Cloverdale Real Estate | College Park PM, Port Moody Real Estate | Coquitlam East, Coquitlam Real Estate | Coquitlam West, Coquitlam Real Estate | Cottonwood MR, Maple Ridge Real Estate | County Line Glen Valley, Langley Real Estate | Downtown NW, New Westminster Real Estate | Eagle Ridge CQ, Coquitlam Real Estate | East Burnaby, Burnaby East Real Estate | East Central, Maple Ridge Real Estate | Edmonds BE, Burnaby East Real Estate | Forest Glen BS, Burnaby South Real Estate | Glenwood PQ, Port Coquitlam Real Estate | Government Road, Burnaby North Real Estate | Hatzic, Mission Real Estate | Heritage Mountain, Port Moody Real Estate | Heritage Woods PM, Port Moody Real Estate | Home Ownership | Lincoln Park PQ, Port Coquitlam Real Estate | Lower Mary Hill, Port Coquitlam Real Estate | Maillardville, Coquitlam Real Estate | Mary Hill, Port Coquitlam Real Estate | Meadow Brook, Coquitlam Real Estate | Mid Meadows, Pitt Meadows Real Estate | New Horizons, Coquitlam Real Estate | Nordel, N. Delta Real Estate | North Coquitlam, Coquitlam Real Estate | North Shore Pt Moody, Port Moody Real Estate | Northwest Maple Ridge, Maple Ridge Real Estate | Oaklands, Burnaby South Real Estate | Oxford Heights, Port Coquitlam Real Estate | Port Moody Centre, Port Moody Real Estate | Quay, New Westminster Real Estate | Queensborough, New Westminster Real Estate | River Springs, Coquitlam Real Estate | Riverwood, Port Coquitlam Real Estate | Rosedale Popkum, Rosedale Real Estate | Scott Creek, Coquitlam Real Estate | Simon Fraser Univer., Burnaby North Real Estate | South Meadows, Pitt Meadows Real Estate | Southwest Maple Ridge, Maple Ridge Real Estate | Sperling-Duthie, Burnaby North Real Estate | Sullivan Heights, Burnaby North Real Estate | Summitt View, Coquitlam Real Estate | The Crest, Burnaby East Real Estate | Upper Eagle Ridge, Coquitlam Real Estate | Uptown NW, New Westminster Real Estate | Westbridge Real Estate | Westwood Plateau, Coquitlam Real Estate | Woodland Acres PQ, Port Coquitlam Real Estate
  Map Search Listings
  Thinking of Selling?
  Thinking of Buying?