Wasn’t it wonderful dropping off the children to start another school year? I found myself humming the “it's the most wonderful time of the year" song that has been on practically every radio/TV station. Don’t get me wrong, I love my kids but by the end of the Summer I am so ready for them to return to school.
The great news doesn’t stop there !!!!!
It seems a lone lender out there wanted to get into the Back to School Spirit, and late on Friday afternoon announced the return of the PRIME Minus variable rate mortgage.
Prime - .05% or 2.20%.....
We have also gone below the 4.00% rate on the 5 year fixed.
My best 5 year rate is now 3.92% (With free legals and appraisals for switches and mortgage refinances.) Some conditions do apply.
Also note that if the new mortgage is greater then $500,000 then 3.82% would be the effective 5 year rate.
Kids are back to school…….. Mortgage rates are coming back down…… !!!!!!
Can it get any better then this???
Thanks,
David Kendall Mortgage Agent License # M08004045 211 York Road, Unit 3, Dundas, Ont. L9H 1M9 OAC Mortgages Brokerage License # 10928
An independently owned and operated franchise of the Mortgage Alliance Network
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