With the continued focus on the European Debt situation, bond rates hit the low mark for this year. This bodes well for long term rates staying low for the immediate future. No changes in the fixed or variable rates.
If you have a variable rate of any more than prime +.75 or a fixed rate of 4.50% or more, we should explore the merits of refinancing to a lower rate. Today’s rates are historical lows, making now a great time to buy or refinance. Contact us for a free, no obligation review. Spending a few minutes could save you thousands of dollars.
Bank prime is at 3.00%
The next meeting of the Bank of Canada is on January 17, 2012.
If you, your family, or co-workers require guidance on current market trends, please call us, we are always available to help.
Today’s mortgage rates…
Line of Credit: 3.25%
3 Year Fixed: 2.89%
5 Year Fixed: 3.29%-3.39%
7 Year Fixed Special: 3.89% Outstanding offer!!!
10 year Fixed: 4.39%
Free Down Payment: 4.73%
Variable: 2.75%
Thank you,
Cory Kline