Just in time for the tail end of the summer market & for those planning to buy in the fall, several prime lenders have reduced their fixed rate mortgages.
As an example, some aggressive pricing from one lender: a 5 yr rate of 5.04% (mortgage amounts > $500,000) and they offer excellent prepayment options.
Many lenders are reviewing their lending criteria & product offerings....it's always in the client's best interest to arrange for a preapproval.
Enjoy the weekend - the weather looks promising!
Mark
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