HawthorneVillager.com

Hawthorne Village (Milton) Discussion Board
It is currently Thu Mar 28, 2024 5:15 am

All times are UTC - 5 hours




Post new topic Reply to topic  [ 1 post ] 
Author Message
PostPosted: Mon Jul 11, 2016 8:10 am 
Offline

Joined: Fri Feb 01, 2008 2:35 pm
Posts: 528
As the bond yields continue to drop, so do fixed mortgage rates. Just when we think they couldn't possibly get any lower, they do. There are now 5 year fixed mortgage rates as low as 2.24% for high ratio mortgages closing within 45 days. That is, mortgages with LESS than 20% down. This offer has a minimum penalty to break of 2.75% of the outstanding balance, so quite high compared with most other non-bank lenders (more in line with what you might pay with a major bank).

For mortgages with 20% or more down payment, refinances and switches, there are 5 year fixed mortgages as low as 2.29% with a much more consumer friendly penalty calculations and for closings up to 120 days.

Fixed mortgage rates are determined by bond yields. You can follow the bond yields yourself here: http://www.investing.com/rates-bonds/ca ... bond-yield

_________________
Paul Meredith
Mortgage Broker
CityCan Financial (est 1976)
416-409-8009
http://www.easy123mortgage.ca
paulm@citycan.com
Lic#10532

Follow me on Twitter! http://www.twitter.com/paulmeredith


Top
 Profile  
Reply with quote  
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 1 post ] 

All times are UTC - 5 hours


Who is online

Users browsing this forum: No registered users and 3 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
cron
Powered by phpBB® Forum Software © phpBB Group
[ Time : 0.010s | 13 Queries | GZIP : Off ]