After looking at 5 year fixed mortgage rates back in the 3% range for the past 8 months, they have now dipped below the 3% mark once again. 2.99% is back with 15% prepayment privileges. Must close within 60 days. Some other great specials:
3 year fixed at 2.59%
5 year variable at prime -0.65%
Bond yields (which are what fixed rates are determined by) have started to trickle down slowly again. Mortgage rates are in a neutral position right now and would have a drop a fair bit more before we see any rates lower than this. if you have a renewal coming up, a purchase closing, or were thinking of refinancing, now is a great time!
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Paul Meredith
Mortgage Broker
CityCan Financial (est 1976)
416-409-8009
http://www.easy123mortgage.capaulm@citycan.comLic#10532
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