April 5, 2010
Monday Mortgage Minute For April 5th 2010.
We all knew it was going to happen, we just didn’t know exactly when. Last Monday fixed rate mortgages increased. The fixed 5 year rate increased by a half of a percent from 3.89% to 4.39%. The following are current rates that I can offer but if you are feeling down that you missed an opportunity to capitalize on a low fixed rate mortgage consider my argument for opting for a variable rate mortgage at Prime minus 0.50 (1.75%). It appears that in the long run sticking it out with a variable may still be a good option. If you have questions or comments please feel free to write or contact me.
Chris Molder – Son Of A Broker
Fixed 3 year – 3.70%
Fixed 5 year – 4.39%
3 or 5 year Variable P-.50 (1.75%).
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