In a post with a Yahoo.ca link earlier this week I asked what effect we’d see with a 0.05% drop in mortgage rates at a couple of the big banks. I got a new rate sheet today, effective January 15, from James Cosco, of Cosco Mortgage Corp., 604-290-6316 / www.coscomortgages.com /firstname.lastname@example.org , that indicates not much of a change.
1 year: 6% (up .25% compared to last week)
2 year: 6.1% (unchanged)
3 year: 6.05% (down .05%)
4 year: 5.95% (unchanged)
5 year: 5.94% (up .06% from last week).
Last week’s rate sheet is here.