Rates are going up!
June 3, 2013 @ 5:24 PM by:
Posted in As of midnight tonight, the last of my lenders are raising their longer term rates. As of tomorrow (June 4th) the best I will be able to offer on a pre-approval (5 year fixed with a 120 day rate guarantee) will be 2.94%. Lower rates may still b available on real deals, but it would depend on the closing date.
Think 0.1% doesn't really matter? If you are borrowing $200,000 this could amount to nearly $1000 in interest savings over the next 5 years. So if you are looking for a mortgage preapproval in Belleville, Trenton or anywhere else in Canada, call today before these great rates get away.
