Could it be that the falling mortgage rate ride is over? The big banks raised their 5-year fixed rates by 0.2% to 5.45% today. 7 and 10-year fixed rates also went up by the same amount. Variable is still bank prime + 0.6%. Although I haven't signed the final documents, I'm still locked in at 3.75%. Phew...I cut that one pretty close.
Wednesday, June 3, 2009
Rate drop over?
Could it be that the falling mortgage rate ride is over? The big banks raised their 5-year fixed rates by 0.2% to 5.45% today. 7 and 10-year fixed rates also went up by the same amount. Variable is still bank prime + 0.6%. Although I haven't signed the final documents, I'm still locked in at 3.75%. Phew...I cut that one pretty close.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment