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Mortgage Rates & Affordability Update for Dec 2023
Dated: December 20 2023
Views: 98
Hi Larry,
This week in mortgages:
- Fixed rates still softening.
- Habits and Attitudes.
5 YEAR RATES:
Fixed insured 5.14 (-0.10% decrease)
Variable insured 6.20
Fixed conventional 5.39 (-0.15% decrease)
Variable conventional 6.55
Rentals Fixed 6.16
Rentals Variable 7.15
LENDER TURNAROUND TIMES:
2-3 business days for a Conditional Mortgage Commitment, and similar for any back and forth of documents.
NEWS PIECE or TIDBIT:
With the coming new year, it is a great time to revisit our habits and attitudes. Remember that like attracts like. If you can have a positive attitude you will attract others with or to have a positive attitude.
Remember to continually recharge yourself. Take time to reflect, plan, and relax. Bring out the positive in everything you can. Every little bit makes a difference and can grow from there.
Have a great week!
Courtesy of James Sicotte
Polaris Mortgage Planners
(780) 719-6888
jim@polarismortgageplanners.ca
Larry Kennedy
I work, live & play full time in Edmonton AB. I have a diverse background that’s led me to real estate and all its dealings. I practice listening, communication and negotiation skills daily. I’m ....
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Information last updated on September 22, 2026 3:34 AM UTC