Alberta Mortgage Rates
Keep on hearing that Alberta Mortgage Rates are LOW - Find out HOW LOW they really are
Alberta Mortgage Rates seem to be all over the place right now. 2 months ago they were at a 3.5% on a five year fixed. After seeing the bond market trending upwards for a month consecutively I was advising all my clients to take advantage of the historically low mortgage rates. And just like I expected the rates sky rocketed to 4.49% with the major banks with in a few weeks. And for those who needed to refinance or were purchasing a property they got into a great Mortgage Rate.
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Current Mortgage Rates - June 20, 2009
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Current Mortgage Rates – June 20, 2009
I keep on telling you that rates are going up so I thought I would let you know what current best rates are. Also keep in mind when looking for the best rate that having a great rate is just one part of the puzzle. Knowing what you are looking for now and what your exit plan is will allow you to make sure you get the best terms and conditions now. Although getting lowest current mortgage rate will save you money getting into a restrictive mortgage can cost you much more in headaches and money.
This is another big reason why working with someone who will give you the education you need before making such an important decision.
Rates STILL going up!
Are you pre-approved???
Well, I will just start off by saying it has been a crazy last couple of weeks. Two weeks ago, we had access to rates as low as 3.54% on a 5 year fixed. Now, most bank rates are 4.46% and higher. That is a huge jump in rates in a short period of time. The only good news is that I can say I was right that rates were going to jump in large amounts, but I was definitely enjoying the historically low rates. Sorry I have to add the bragging in there but my wife doesn’t allow me to be right too often!
