Thursday, June 30, 2011

Opps ! rates are going up soon


Today's Financial Post had an article on rising variable rate mortgages. Inflation for May 2011 figures came in today and they don't look good. The best bet now is that rates will go up but by how much? 1/4 or 1/2 a point would be significant for many home owners. Perhaps in response to this National Bank announced that they are cutting their discounted rate from Prime rate - .75 to Prime - .65 as of 10 pm tonight. If you want a 180 day rate hold for this lower rate you have to contact me this afternoon. Don't miss out on what have been the lowest interest rates in 111 years.
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