Thursday, February 16, 2012

Mortgage interest rates are going up!

This was the advice from a mortgage person that just sent me information
about what's happening with mortgage lending rates. It seems that the
'specials' for the fixed rate mortgages are dissappearing. If you are
purchasing or renewing, now is the time to lock in, assuming that's the
route you want to go. Read about it below.

You know my advice, go variable, read more about it here:

All the best!

Hi Mark ,

Last few days we have seen quite a few lenders have cancelled the special
rates for 4 year fixed @2.99%. I expect all lenders will follow.

What can you do to help yourself?

If you have put a purchase offer, get these special rates ASAP. (Still some
lenders have great rates.)
Unforturnately most banks don't offer these rates for pre-approval.
But we do have some good news for clients to be pre-approved and hold these
historical low rates.

3 year fixed rate @2.89% available for pre-approval, rate hold for 120 days
4 year fixed rate @ 2.99% for high ratio mortgage, 3.09% for conventional
mortgage, rate hold 90 days for pre-approval.
5 year fixed rate @ 3.19% for high ratio mortgage, 3.29% for conventional
mortgage, rate hold 90 days for pre-approval.

These rates won't last long, so please act quickly if you are looking to buy
or refinance


  1. I’m glad I found your article. The information is smart and interesting. I am unable to thank you enough for the blog posts on your web page. I know you add a lot of time and energy into them and truly hope you know how deeply I enjoy it. The written ideas you shared have expanded my knowledge and inspired me to learn more about this subject.

  2. I was busy with my work and when I am back, it’s quite exciting to find such a nice write up as I used to enjoy earlier. Thank you, for helping us to improve our knowledge and to bring out new topics that are interesting and worth reading. How frequently you update your website?

    1. I’m still learning from you, while I’m trying to reach my goals. I definitely liked reading whatever is written on your article. Keep up the great work that helps people like us.