Brampton, ON, Canada
Buyer's take notice, have you missed the best opportunity to secure the lowest mortgage rates in over 50 years. We received the message below and wanted you to take a look.
Paul Meredith
CityCan Financial
With bond yields having been on the rise since the beginning of April, there has been continued upward pressure on fixed mortgage rates. Bond yields are up 0.21 yesterday which was a HUGE jump and it is up 0.57 from four weeks ago.
This also happened on a day where the TSX was down 143.76 points and usually when the stock market is down, so are the bond yields, but yesterday, they went the opposite direction.
One 'A' lender put their rates up to 4.29% yesterday, and we will likely see other lenders also putting their rates up later today or tomorrow.
If you are currently thinking of purchasing a home, please make sure you get a rate locked in ASAP to ensure you get the lowest rate possible.
The variable rate however, has dropped to prime + 0.4% or 2.65%.
If you need some help, please do not hesitate to give us a call.
Al and Peggy Cunningham, Brokers
RE/MAX Realty Services Inc.
905-456-1000
http://www.TheHousePeople.com
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