History of Prime Rate - Vancouver Mortgage Broker - Best Vancouver Mortgage Rates - Dynamic Mortgages

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2.90%

Float at Prime Rate less .10%. Prime is currently 3.00%. Based on a 5 Year Term - effective immediately and for a limited time. Lock in anytime at the discounted rate. Rates subject to change without notice. O.A.C.

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History of Prime Rates

Why is this important?

By looking at the history of the prime rate in comparison to the various mortgage terms, you will see possible advantages to your situation. It is also important to keep in mind that, while history does often repeat itself, it does not necessarily reflect what will happen in the future...

THE HISTORY OF PRIME RATE

Below is a chart that shows the difference between a 'Variable Rate' mortgage and a conventional 'Fixed Rate' mortgage over a multiple year time frame.

Here is a chart and detail that show the 'Variable Rates' only.

Here is a chart and detail that show the 'Fixed Rates' only.