Friday, October 02, 2009

Good news: Both fixed rates and variable rates dropped again

Good morning,
The lowest 5-year fixed rate is 3.65%. The 5-year variable rate is at Prime. 3-year variable rate is also at Prime (2.25%) now.

4-year variable @P-0.05% (2.20%) or P-0.20% first year and P for the next 3 years. Your sale must be closed within 45 days.

Great fixed rate option is: 3-year fixed @3.39%.

Not sure about fixed or variable, why not try 50/50 wise mortgage. That means 50% of mortgage is fixed rate and the other 50% is variable rate. The effective 5-year rate is 3.22% right now.

Please let me know if you need more information.

Have a great weekend!
Mark

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