Mortgage Rates at 2.99%

(January 25, 2012 )

Many of the Canadian Banks are now offer fixed rates as low as 2.99%.  This is an extremely low rate, as many people remember when rates were above 10% in the 80's and early 90's.  This rate won't last for a very long time, and it would be a good idea to get a pre-approved mortgage to lock in the rate for 90 days.  If the mortgage rate goes up during the 90 days, you will still get the 2.99%.  If the mortgage rates go down, you can take the lower rates. 

We always suggest that getting a pre-approved mortgage.  It will not only hold a mortgage rate for 90 days while you look for a new home, it will also give you a better idea of how much you can borrow.

If you need a mortgage or have any questions, don't be afraid to give our team a quick call.  We'll be happy to help you with your home or financing needs.