Mortgage Update: Low rates may be here to stay

"The economic reports from various sources suggest that low mortgage rates may be here to stay for quite a while. And this includes not only variable, but fixed rates too. Normal variations will still continue, but economists don't seem to anticipate a significant jump in mortgage rates any time soon. And this is really good news."

"After a sudden jump of fixed rates in the middle of the month, some banks retreated, but their rates remain well above the 4.00% mark. That doesn't mean that one cannot find a fixed mortgage below 4.0%—it is still available for the right client and under specific conditions."

Best 5-year fixed rate - 3.85% *
Best variable rate Prime - 0.2% (currently 2.05%) *
(* excellent credit, closing within 30 days and other conditions may apply)

Happy Halloween!

Vasko DeLev, AMP
Accredited Mortgage Professional
License # M08000574

Verico Capital Mortgages Inc.
106 - 18 Deakin St Ottawa ON K2E 8B7
Direct Line: 613-882-7603
Email: vasko@CapitalMortgages.com