Posted in Fixed rates are rising!
If you are actively shopping for a home, YOU MUST get preapproved right away if you plan on taking a fixed rate for your mortgage. As 5 year mortgage rates have moved to around 3.50%, the amount borrowers qualify for will start to slowly decrease due to the stress test.
Wondering how you protect yourself so your purchasing power doesn't decline? That's what we're here for! With over 25 years of experience, we've helped thousands of borrowers just like you make smart decisions when purchasing, refinancing, or transferring their mortgages.
Call (613)394-5810 or send us a message today! We'd be honoured to have the opportunity to earn your business.
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Rates are rising!
March 26, 2022 @ 12:00 AM by:
