15 Nov

Cory’s Mortgage Market Comment…


Posted by: Cory Kline

An uneventful week in terms of interest rates. Bonds remained steady with 5 year money currently in the 2.99% – 3.09% range. We still have 10 year funds available at 3.89%.
If you have a variable rate of any more than prime +.75 or a fixed rate of 3.75% or more, we should explore the merits of refinancing to a lower rate. It may result in savings of thousands of dollars and a longer term at today’s record low rates.

Contact us for a free, no obligation review. Spending a few minutes could save you thousands of dollars.
Bank prime is 3.00%
The next meeting of the Bank of Canada is December 4, 2012.

Cory Kline (705-794-1283)

Mortgage Planning since 1998

P.S. If you, your family, or co-workers require guidance on current market trends, please call us, we are always available to help.