After staying over a year for over the prime, the Variable rate dropped less tha prime for the first time yesterday. There has been a significant drop in mortgage rates in the past week even for fixed rate mortgages.
The low variable rates however come with a catch. They are for short closings of less than 60 days and come with reduced pre-payment previleges. For someone who is not going to pay-down sooner, these will be perfect.
No wonder, the real estate sales keep going higher and higher everyday in the GTA.
Fir best mortgage rates, check my website www.rajeev.ca or send me an email at rajeev_narula@centum.ca or contact@rajeev.ca
I endeavour to provide my clients with stress free Real Estate service experience and maximum value for their money. I serve Mississauga, Brampton, Oakville, Milton and Other Greater Toronto Areas.
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