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.

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