Fixed rates jumping a 1/4 of a % to around the 4.25% at major instituitions for popular 5 year term product. No change to adjustable / variable rate mortgages which are still in low 2% range. 2.20%-2.30% at most lenders.
Interesting article in Globe and Mail debating whether good time to buy …
http://www.theglobeandmail.com/globe-investor/personal-finance/rob-carrick/rising-mortgage-rates-are-worse-than-you-think/article1897959/
Entries from February 2011
Rate News and is it a good time to buy???
February 9th, 2011 · No Comments
Tags: General