Mortgage Rates are down again temporarily in Ottawa! – March 29, 2011
Mortgage rates are suddenly down again for a short period – if you can close on a property in the next 45 to 60 days you could take advantage of some amazing rates that are currently available.
Despite all the hoopla about mortgage rates going up they are suddenly down again and apparently going to stay down for the next while. So much so that some lenders are offering some extremely great rates if you have a quick close coming on within the next 45 to 60 days. Especially the variable rates which are at prime minus 75 points and less and also some of the 3 and 4 year fixed rates are really great!
Oh and that’s not all if you’re doing a conventional mortgage there are still some lenders who will do a 35 year and 40 year amortization.
If you’re contemplating buying or selling – then next couple of months could be very financially beneficial for you.
If you’re looking for a good mortgage professional for more details on the great rates available for the next little while click here for a list of great mortgage specialists who will be able to answer all your mortgage questions.