Agent Blogs
Cory Kline, AMP
Mortgage Agent
Cory's Market Comment...
Updated Thursday, November 15, 2012
Views (6520)
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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%.
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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. |
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.
