It’s a Great Time to Buy!
Interest rates remain great this week with some decreases in both the long term and short term mortgage rates. There has been some positive news in the financial markets but it looks like a slow recovery will keep rates low for an extended period of time. Affordability will continue to drive a busy real estate market. Calling all first time buyers!
Bank Prime Rate 2.25%
|
Term |
Best |
Bank Posted |
|
1 year |
2.90% |
3.90% |
|
3 year |
3.05% |
4.15% |
|
5 year |
3.59% |
5.25% |
|
10 year |
5.25% |
6.70% |
|
25 year |
9.15% |
9.75% |
Bold numbers denote change from last posted rates.
Variable mortgage from Prime +.70%...TODAY at 2.95%!
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Call Laura today and tell her Lyn sent you!
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