Time to lock in a fixed rate mortgage? Interesting article from Garibaldi Mortgage
February 23rd, 2011Interest Rate Movement
We thought we would send this out due to the current pocket of upward pressure we are experiencing on long term fixed rates. We have gone from an all-time low of 3.45% for a 5 year fixed rate in December 2010 to now 3.85% as our "best" 5 year fixed.
In Canada, there are generally 2 branches of interest rate movement; one based on the central bank prime rate, and one ba ...
