Now’s a great time to get a mortgage thanks to historically low rates. As you can see from the historical data below, today’s average mortgage rates are lower than they were in the 50s! Although rate isn’t the only important aspect of a mortgage, it’s interesting to see how rates have fluctuated over the past few decades. In the most recent 15 years banks were offering discounts of 1% to 1.3% off the rates below. If you know of anyone that is thinking of buying or refinancing your referral would be very much appreciated. www.darick.ca dbattaglia@dominionlending.ca 705 797 8811

1958 6.80%

1959 6.98%

1960 7.18%

1961 7.00%

1962 6.97%

1963 6.97%

1964 6.97%

1965 7.02%

1966 7.66%

1967 8.07%

1968 9.06%

1969 9.84%

1970 10.45%

1971 9.43%

1972 9.21%

1973 9.59%

1974 11.24%

1975 11.43%

1976 11.78%

1977 10.36%

1978 10.59%

1979 11.98%

1980 14.32%

1981 18.15%

1982 17.89%

1983 13.29%

1984 13.61%

1985 12.18%

1986 11.22%

1987 11.14%

1988 11.60%

1989 12.05%

1990 13.24%

1991 11.16%

1992 9.52%

1993 8.70%

1994 9.34%

1995 9.22%

1996 7.94%

1997 7.07%

1998 6.90%

1999 7.39%

2000 8.20%

2001 7.18%

2002 6.70%

2003 6.04%

2004 5.80%

2005 5.48%

2006 5.98%

2007 6.36%

2008 6.41%

2009 5.05%

2010 4.82%

2011 4.57%

2012 4.24%

2013 4.17%