Kim Bowles
Mortgage Broker Lic # 12018
Read Kim  Bowles's Blog Go to Kim  Bowles's Website

Market Update August 2014

Updated Wednesday, August 6, 2014  ::  Views (1195)

Hi to all of Glenn's Clients

Here is an update on some facts for August 2014  


The bond rate has continued to inch downwards the past several weeks. 5 year funds are in the high 2% range(2.89-3.04%) range.
 
Variable rate mortgages are in the 2.35-2.45% range.

If your mortgage is renewing in the next 6 months or you are thinking of refinancing, I strongly recommend you start the process now.

If you have a variable rate of any more than prime +.25 or a fixed rate of 4.25% or more, we should explore the merits of refinancing to a lower rate.  It may result in savings of thousands of dollars and a longer term at today's record low rates.     
 
Contact me for a free, no obligation review. Spending a few minutes could save you thousands of dollars.

Bank prime is 3.00%

Next Bank of Canada update is Sept 3rd

P.S. If you, your family, or co-workers require guidance on current market trends, please call me, I am always available to help.

Call me today right now for your personal evaluation of what we can do for you to make life better  905 454 7761 or email mortgagesforallyourneeds@rogers.com      See website for all disclosures.  www.mortgagesforallyourneeds.com 

Kim

 

 

...Kim

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