In a complete U-turn from the attitude and expectations of last week, one of our lender partners Merix Financial has announced a slew of competitive rate cuts. The mortgage interest rates have come down and I am happy to be able to offer you the following:
-Fixed 5 year 3.75% (for closings before Feb 23rd, 2010 only)**
-3 year variable rate Prime minus 0.30 (1.95% effective rate)**(must close within 30 days)
This will no doubt give the market legs and it will be interesting to see how the winter will play itself out. If you are in the market and would like to explore what options are available for you and if you qualify for these rates please feel free to contact me.
Chris Molder – Son Of A Broker
Licensed by the Financial Services Commission of Ontario under Lic#M08010066
**Rates are subject to change without notice and are subject to borrower’s qualifications.