November 20th, 2014 Mortgage Industry Update
Our 5 year fixed promotional rate has dropped to 2.69%, from 2.79%!!! It is possible that we could see some major banks follow the trend in the upcoming month.
Additionally this week:
– New 5 Year Fixed Promotional rate – 2.69%!!! Please call for an approval today!
– Mortgage rates set to stay lower for the next six months. View the full report at: Learn More›.
– Analysts warn house prices can’t keep climbing. Learn More›.
– ATB Financial states that the Alberta economy will slow down for the next few years.
– An interesting article on underground condo development; perfect for a nuclear apocalypse, haha! Learn More›.
– Lenders still cautious about micro-condos. Learn More›.
Stay tuned for the next update!
For any questions and concerns please do not hesitate to call Harpreet Singh The Mortgage King at (416) 795-1919.Share this post on: Connect with us on: