Today’s message from our friend Zamir at Ratehold
Just when you thought that rates couldn’t get any lower….
They did. 5 year fixed rates are as low as 3.45%. Can you believe it? I locked in my mortgage at the 3.89% range, thinking that I was at the lowest of the low. And then they got lower. I feel like the bonds yields are pointing and laughing in my face. The finance minister also threw an empty beer can at the back of my head as I cried in my kitchen; talk about insult to injury.
And I have just received word that the rates are planning to climb back up. Now would be a good time to lock in your mortgage or consolidate some debts.
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