Residential Mortgage Rates as of June 16, 2016

Term Fixed Closed Rate
6 months 3.95%
1 Year 2.29%
2 Year 2.09%
3 Year 2.34%
4 Year 2.49%
5 Year 2.39%
7 Year 2.98%
10 Year 3.89%

Prime = 2.70%

Variable Closed (5 yr) = Prime minus 0.50% = 2.20%

Variable Open = Prime plus 0.80% = 3.50%

Secured Credit Lines = Prime plus 0.50%

 

Courtesy of John Chrisanthidis, Mortgage Intelligence