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Interest Rates - Moving up tomorrow?

Just a quick post to alert many of you who are sitting on the fence thinking that the record low rates will last forever........

There are rumblings today that the volatile bond market will result in most of the lenders moving rates up tonight at midnight or tomorrow at the latest.

 

I strongly recommend that you get a locked in pre-approval at todays rate ASAP.  Todays 5 year rate is as low as 3.39% and I expect that by Friday the lowest will be 3.99%.  That is a major jump and could cost you thousands of dollars in interest if you do not act fast.

 

Just thought you would want to know.........

 

 

lethbridge real estate

lethbridge realtor

Robert W May is a Real Estate Broker in Lethbridge Alberta, having now been in the industry for over 23 years. . He was also a licensed Lethbridge mortgage broker and financing expert with Canada First Mortgage of Calgary Alberta for the past 10 years.  He is an industry leader always willing to help train and educate others in how to improve their business models for financial and personal benefit.




 

 

Comment balloon 0 commentsRobert May • November 16 2010 04:52PM

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