Mortgage Rates Drop again
(August 05, 2012
)
The lowest 5 yr mortgage rate is down to 2.94%. That's below the 2.99% mark that made Finance Minister Jim Flaherty warn the banks no to get too aggressive.
Rates continue to be at a record low at this time. But while rates are tempting, the slowdown in the housing market recently means people are not jumping into new homes.
If you are currently in an open term variable mortgage, you might want to go talk to your bank, and see if locking in at these low rates is a good idea for you.
Rates continue to be at a record low at this time. But while rates are tempting, the slowdown in the housing market recently means people are not jumping into new homes.
If you are currently in an open term variable mortgage, you might want to go talk to your bank, and see if locking in at these low rates is a good idea for you.
ShareCategories
- All Entries (147)
Archives
- February 2013 (1)
- January 2013 (3)
- December 2012 (3)
- November 2012 (2)
- October 2012 (5)
- September 2012 (7)
- August 2012 (6)
- July 2012 (8)
- June 2012 (9)
- May 2012 (8)
- April 2012 (10)
- March 2012 (9)
- February 2012 (9)
- January 2012 (9)
- December 2011 (7)
- November 2011 (10)
- October 2011 (14)
- September 2011 (17)
- August 2011 (8)
- May 2011 (2)
Subscribe To This Blog