Bond yields are up which would typically result in an increase to fixed rate mortgages however lenders are artificially keeping rates low in order to gain market share. This is good for borrowers currently in the market however don’t expect the low fixed rates to stay around forever as it only takes one bank to break the deadlock and we could see rates jump up by 0.50%. To secure a low rate give me a call or e-mail me for a quick consultation.
Chris Molder – Son Of A Broker
1 year fixed – 2.65%
3 year fixed – 3.35%
5 year fixed – 3.79%
3 year variable – Prime-.40% (1.85% effective rate)
5 year variable – Prime-.30% (1.95% effective rate)
5 year fixed – 3.69% (must close by April 26th 2010, purchase & refinance only)
NOTE: Rates are subject to change without warning at the lender’s discretion.