Blog by Michael Sjerven

Fixed Rate Increases

April 26th, 2010
Fixed Rates keep climbing, with the 5 year "posted" bank rate now over 6%. RBC and TD have announced a further .15% increase this week. With that being said we still have some great deals on both 3 and 5 year fixed rate mortgages (see rates for pricing). Variable rates are very low, starting at 1.75% (as long as you qualify). As well, combo 50/50 mortgages (50% variable/50% fixed) are also a ...

Go Variable at P-.50% (1.75%)

April 20th, 2010
With the days of fixed rates in the 3's% over, many people are now opting for variable rate mortgages again. In fact, as of today, we recommend going with variable again. Keep in mind this is not for the faint of heart, and if you won't be able to sleep at night (worrying that your rate will go up) then it's probably not worth your stress. However, we do believe this to be the best choice and ...

3.75% 5 year

April 10th, 2010
Update, as of April 10th, we still have a 3.75% 5 year fixed rate available in some areas. As well, there is P-.50% variable product (1.75%) also on the market. Keep in mind some of these specials do have strict qualification and are not available for rate hold (live purchases or refinance only). Please fill out the online application (APPLY) on this website to lock in now! Have a great weekend.

3.75% 5 year

April 5th, 2010
As of today, it looks like we have one lender left with a low 5 year fixed rate (3.75%). If we get in application right away, there is a chance we can still secure this great deal. Otherwise 5 year fixed rates are all over 4%.