The bond rate dropped marginally over the last week which could lead to a potential tweaking of fixed rates.
We now have one lender offering 3.89% both conventionally and high ratio.We previously had 3 lenders offering 10 year funds at 3.89%. If you have been thinking about the 10 year option. Now is the time to explore further and secure a rate.
We now have one lender offering 3.89% both conventionally and high ratio.We previously had 3 lenders offering 10 year funds at 3.89%. If you have been thinking about the 10 year option. Now is the time to explore further and secure a rate.
Five year fixed rates are in the 2.99%-3.19% range.
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%
The next meeting of the Bank of Canada is on September 5th, 2012.
If you, your family, or co-workers require guidance on current market trends, please call us, we are always available to help.
Thank you!
-Cory Kline (Mortgage Advisor at Neighbourhood DLC, cory@ndlc.ca or 705-794-1283)