7 Nov

Slight reduction in interest rates. Mortgage Market Update November 7, 2013

General

Posted by: Anne Martin

 

Neighbourhood Dominion Lending Centres
FSCO 11764 | Independently Owned & Operated
Mortgage Market Update
Date: November 7th, 2013  
Keeping you updated on Mortgage Matters
 

Market Update
We have continued to see the effects of last week’s softer bond market. Most lenders have now   lowered 5 year money to the 3.49-3.89% range. Variable rates are increasingly becoming a more attractive option for many, with rates in the 2.50-2.70%   range. 
 
If your mortgage is renewing in the next 6 months or you are thinking of refinancing, we strongly recommend you start the process   now.
If you have a variable rate of any more than prime +.25 or a fixed rate of 4.25% or more, we should explore the merits of refinancing to a lower rate.  It may result   in savings of thousands of dollars and a longer term at today’s record low rates.   

  Contact us for a free, no obligation review. Spending a few minutes could save you thousands of dollars.

Bank prime is 3.00%
The next meeting of the Bank of Canada is December 4, 2013.
P.S. If you, your family, or co-workers require guidance on current market trends, please call me, I am always available to help.  
….Anne
 

Historical Interest Rate Graphs 

 
Below you will find a feature which will give you current interest rate trends.interest rate graph It can also be accessed on our web site. I hope you and your clients find it useful..

 
 
Our Commitment to You 

  • Constant update of Market Conditions
  • Innovative Mortgage Products
  • Value Added Services
  • Unbiased Advice
  • Innovative Mortgage Strategies and NOT just Order Taking
                              In This Issue                             
Market Comment
Interest Rate Graphs
Quick Links

Anne Martin
 Anne Martin Mortgage Agent FSCO Lic. M10002257  
Neighbourhood Dominion
Lending Centres
FSCO Lic. 11764

39 Collier Street, Suite 300 Barrie, ON  L4M 1G5

P: 705.720.1001 x225 or 1.888.500.1841 Direct: 705-791.6683 Fax: 705.739.1893 or 1.866.739.1893

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This email was sent to anne@ndlc.ca by anne@barriemortgagelocators.com |  
Head Office; Neighbourhood Dominion Lending Centres | FSCO 11764 | Independently Owned and Operated | 1140 Stellar Drive | Newmarket | Ontario | L3Y 7B7 | Canada