Variable Rates on Their Way Down

June 10, 2009  
Filed under Mortgage Options, Mortgage Rates, Purchasing

Over the last few weeks one of Home Mortgages Calgary’s mortgage lenders dropped their rates on their Adjustable Rate Mortgage product to prime plus 0.4%. This deal is not as sweet as the prime minus 0.9% rates of yesteryear however, at least we see that conditions are improving.

If you are comfortable with a floating rate over 5 years at 2.65% then you should consider meeting with Home Mortgages Calgary. The Bank of Canada guaranteed this rate will not go up until at least June 2010 so, there is no time like the present to take advantage of this new rate. And since these mortgages are available across Alberta, you know you’re covered in Calgary.


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