Your Personalized Real Estate Professional
I've been receiving messages from some of the mortgage specialists at local banks talking about the mortgage rates going up. It seems as though the other banks are following the lead of RBC. I read today that CIBC made the increase to match RBC's 0.25% increase to 6.1% for a 5 year fixed term. I should also remind those in a variable rate mortgage that if you're not comfortable with mortgage rates going up and down, you may want to consider locking into a rate since things are still looking like they'll go up this summer! Hope this helps you out! If you have questions, you can always call (519-621-2000) or email me!