Agent Blogs
Cory Kline, AMP
Mortgage Agent
Cory's Mortgage Market Comment...
Updated Thursday, February 16, 2012
Views (6797)
The past week saw the bond rate creep up marginally. There has been no changes in fixed or variable rate mortgages. We are seeing 5 year mortgages in the 3.14-3.39% range and variable rate mortgages as low as prime -.2%
If you have a variable rate of any more than prime +.75 or a fixed rate of 4.25% 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 at 3.00%
The next meeting of the Bank of Canada is on March 8, 2012.
P.S. If you, your family, or co-workers require guidance on current market trends, please call us, we are always available to help.
-Cory
