25 January 2008
Mortgage Rate Update
Posted by Ryan Coffey under: Uncategorized .
Hi Ryan,
Sorry for the delay, but many lenders have been adjusting from the fallout and volatility in this market place. Rates were what you where wanting:
Special 5.64% for a five year Fixed (Some restrictions and OAC)
Variable rate Prime Minus 0.75%. (OAC)
FYI, I am leaning heavily towards variable rates theses days, as many forecasters all are adjusting and calling for some dramatic rate cuts to the Prime rate. I think to take advantage of this would be prudent. The trick will be to decide when to lock in near the bottom. M
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Michael Ledingham - Licensed Mortgage Broker