Dreyer Group Mortgages - Canada's Top 10 Mortgage Broker Firm, Announces a Historically Low Rate of 3.34% for a 5 Year Fixed Rate Mortgage (OAC)
The bigger the mortgage, the lower the mortgage rate.

SURREY, BC, October 20, 2010 /24-7PressRelease/ -- To put this in perspective, in October 2009, a low 5-year fixed mortgage rate was 4.34%. Two years ago the 5 year fixed rate was approximately 5.70%.

Your mortgage payments would look like this:

2008 $500,000 - 35 Year amortization @ 5.70% = $2750.94
2009 $500,000 - 35 Year amortization @ 4.38% = $2304.74
2010 $500,000 - 35 year amortization @ 3.34% = $2020.37

A total savings of $730.57 per month or $43,834.20 for the 5 year term!

With these low rates, now is a great time to consider refinancing your mortgage.

Press Release Contact Information:

Meryll Goodman
Dreyer Group Mortgages
Director Marketing
308 - 15252 32 Avenue
South Surrey, BC
Canada V3S0R7
Voice: 604.536.3802
Website: Visit Our Website