Mortgage rates remained unchanged over the past week. The bond rate has been creeping up and hit a new high for 2012. There has been a great deal of news in the different media’s recently, about the potential for higher rates during 2012.
Last Friday at a industry conference, Genworth Canada predicted slight increases (around 50 basis points) in both variable and fixed rates by the end of this year.
We still have 2 lenders offering 10 year funds at 3.89%. A wonderful option for those concerned with future rates. 

If you have a variable rate of any more than prime +.75 or a fixed rate of 4.0% or more, we should explore the merits of refinancing to a lower rate. 

Contact us for a free, no obligation review. Spending a few minutes could save you thousands of dollars.

Bank prime is 3.00%

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