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Rates drop - but only slightly - Ingrid Bjel McGaughey - Mortgage Broker

Rates drop – but only slightly

May 19, 2011 Ingrid McGaughey 0 Comments
The bank posted 5 year rate has dropped from 5.69% to 5.59%. That .10% is not significant but it is allowing fixed rates to continue to edge down. Overall, rates are lower than they were a few weeks ago, and a lot of our lenders are beating the posted rate by 1.5% or more. 

It would be nice to see rates stay at these levels throughout the summer!

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I'm a Toronto-based Mortgage Broker. My focus: to mentor and educate first-time home buyers, people with less-than-perfect credit, and people in business for themselves, to make the best mortgage choices for them.

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