Mortgage Rate Drop- Dreyer Group Mortgages

Dreyer Group Mortgages Inc.

 

Our 5-year fixed is now sitting at 2.89 %!!

 

To give you a historical account of rates and payments:

 

In March of 1993 the 5-year fixed mortgage rate was 8.97%

Your monthly payment for a $400,000 mortgage with a 25-year amortization would have been

approximately $3304.03

 

Fast-forward today, 20 years later, that same $400,000 mortgage with a 25-year amortization has a

monthly mortgage payment of $1870.48

 

 

What a difference of $1433.55 per month!!

 

Contact Lynn McLellan, BA

Phone: 604-536-8400

Comments:
No comments

Post Your Comment: