Low and stable bond yields have some lenders reducing mortgage rates on the 3-5 year terms. They are getting fairly attractive relative to the variables since the discounting from prime has virtually disappeared.
In Europe the European Central Bank rate remained unchanged at 1% today. They have long since stopped talking about rate increases as the European economies continue to struggle with heavy debt loads.
Mortgage brokers clients continue to beat the bank
Comments (0)Subscribe to CommentsComment