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	<title>The Mortgage Centre - BC Direct Mortgages &#187; Mortgage Rates</title>
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	<description>The latest news and updates on BC mortgages. Check Kelowna&#039;s mortgage rates, trends and real estate updates weekly.</description>
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		<title>Variable rate mortgage drops again!!!</title>
		<link>http://www.bcdirectmortgages.com/blog/archives/17</link>
		<comments>http://www.bcdirectmortgages.com/blog/archives/17#comments</comments>
		<pubDate>Mon, 31 Aug 2009 20:47:00 +0000</pubDate>
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				<category><![CDATA[Mortgage Rates]]></category>

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		<description><![CDATA[One of our major lenders has just announced a rate reduction to their variable rate mortgage. The rate is now at Prime plus 0.20% which is 2.45% (current Prime lending rate is 2.25%). For those of you who are not wishing to lock in your mortgage just yet, take advantage of our best variable rate [...]]]></description>
			<content:encoded><![CDATA[<p>One of our major lenders has just announced a rate reduction to their variable rate mortgage. The rate is now at Prime plus 0.20% which is 2.45% (current Prime lending rate is 2.25%). For those of you who are not wishing to lock in your mortgage just yet, take advantage of our best variable rate product in the financial marketplace.</p>
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