Mortgage interest rate decrease

Hello and welcome to Spring 2009!

Mortgage rates are very low, and you can secure a 120 day rate hold by going through the preapproval process.

Not only do you benefit from a rate hold & preapproval amount but it's a great opportunity to learn more about their options and the mortgage process.

It's definitely to your advantage to have time to consider/evaluate the different financing options before signing an Offer to Purchase.

Current mortgage interest rates are below


Best rates as of March 2 3rd, 2009*

Prime................2.50%
Variable........... Prime plus .80%
1 yr closed........3.25%
2 yr closed........3.80%
3 yr closed........3.84%
4 yr closed........4.10%
5 yr closed....... 3.99%
7 yr closed........5.15%
10 yr closed......5.25%

*Rates subject to change without notice

I hope this finds you Happy and Healthy!

All the Best!

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate

Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS Newsletter
RE/MAX Realty Specialists Inc.
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