Mortgage rates are on their way up.
Most lenders increased their rates yesterday with a few lenders waiting until today. The best five year fixed mortgage rate will be 5.49%. Inflation is creeping up and there is talk that the Bank of Canada will increase rates.
If you were considering getting pre-approved now is the time. You can lock in the mortgage rate for 120 days.
As a mortgage broker I would be happy to assist you with your mortgage needs.
Wednesday, May 23, 2007
Mortgage Rates are Going UP
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