Amanda Maxwell
Sales Representative
Read Amanda Maxwell's Blog Contact Amanda Maxwell Go to Amanda Maxwell's Website Follow Amanda Maxwell on Facebook
Follow Amanda Maxwell on Twitter Follow Amanda Maxwell on LinkedIn

RBC, TD to raise mortgage rates!

Updated Monday, March 29, 2010  ::  Views (845)

I just read an article online about the rising mortgage rates.  Here's a brief summary of the key points.

Effective Tuesday (March 30, 2010) two of Canada's biggest banks are increasing their residential mortgage rate.  It affects the closed 3, 4 and 5 year mortgages, with the biggest hike in the 5 year mortgage increasing it by 6/10 of a percent making it 5.85% from 5.25%.  With this increase, the average buyer purchasing a home worth $250,000 can expect to pay an additional $88 over a 25 year amortization. 

If you're planning a move and would like more information, feel free to give me a call at 519-621-2000 or email.  To read the complete article, click here.

 

Add a Comment

Fields marked with "*" are required to process your form.
Your Name
*
Email Address (will never be shown)
*
Website
Comment

Allowed XHTML tags : a, b, i, strong, code, acrynom, blockquote, abbr. Linebreaks will be converted Automatically.

CAPTCHA Image