Mortgage Rate Update August 5th 2011 -Click for a video
Yesterday was a day most investors would rather forget. Losses were seen right across the board as fears about Europe and the U.S economy came to light. The silver lining in these times of uncertainty is that it pushes fixed rate mortgages down. Some lenders were quick to react to the market movement and announced lower fixed rate mortgage pricing.
I can now offer 3.49% for a fixed 5 year! Amazing considering the lowest fixed 5 year I have ever arranged was 3.49% last summer.
If you are in the market and currently looking for a mortgage and competitive rates give me a call 416.461.0204ext2 and I’ll be happy to help you.
August 5, 2011