Keeping Up To Date With Mortgage Rates
Jun 27th, 2007 by Lewis
I’m trying to get a little more information about a great mortgage rate that I heard about yesterday. A colleague of mine recently got into a discussion with her broker regarding current rates.
As you may know, the posted mortgage rate (one you should never, ever accept) is around 7.2% My colleague was offered and accepted a 5 year closed fixed rate of 5.09% On a $300,000 mortgage this is going to save her over $6,000 per year from the posted!
Most of the accepted rates I’ve heard about out in the market are closer to the 6.2% range (the usual 1% below posted.) I’m going to do a little more research and find out if there were any unfavourable terms and conditions in the mortgage rate.
If you want more information try visiting Mortgage Secrets Exposed or Creative Financing Secrets. Have a great week! Let me know if there’s any new mortgage information out there.