Another week has past and the interest rate markets remain extremely low and unchanged. 5 year funds are available in the 2.84-2.99% range, 10 year funds as low as 3.69%. Variable rate mortgages are available as low as 2.65%.
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.
The next meeting of the Bank of Canada is April 17th, 2013.
-Cory Kline (Text/Call 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.