Monday Morning Interest Rate Update (November 24, 2014)

Dave Larock in Monday Interest Rate UpdateMortgages and FinancesHome Buying

Editor's Note: The Move Smartly Blog Team congratulates Dave Larock on a well-deserved award from Canadian Association of Accredited Mortgage Professionals for his industry-leading writing to enducate consumers! Dave's Mon Morning Interest Rate Update appears weekly on this blog - check back every Mon for analysis that is always ahead of the pack. 

Mortgage Update Pic

Today’s post will be short and sweet.

This weekend I attended the national conference for the Canadian Association of Accredited Mortgage Professionals in Montreal and was honoured to receive their inaugural Financial Literacy Leader of the Year award. It was fun to catch up with old friends and to have the chance to thank people who have helped me throughout my career as a mortgage professional.

Five-year Government of Canada bond yields were flat for the week, closing at 1.51% once again on Friday. Five-year fixed-rate mortgages remain in the 2.79% to 2.89% range, and five-year fixed-rate pre-approvals are offered at 2.99%.

Five-year variable-rate mortgages are available in the prime minus 0.65% to prime minus 0.80% range, depending on the terms and conditions that are important to you.

David Larock is an independent mortgage planner and industry insider specializing in helping clients purchase, refinance or renew their mortgages. David's posts appear weekly on this blog, Move Smartly, and on his own blog: Email Dave

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