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Renata & Ziggy Trawinski
IQ Real Estate
Buying & Selling, Calgary, Alberta
P: 403-208-2368
F: 403-776-6075
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Wednesday, April 7, 2010 - Fixed mortgage interest rate go up

We knew the time would come for the historically low mortgage rates to come to and end and now is that time. Banks started announcing rate hikes on Monday, first with RBC and TD followed by many of the other major lenders. Although the hikes were anticipated, the amount of the hike did come as a bit of a surprise. Most lenders moved their 5 year fixed rates up 60 to 70 basis points—raising from around 3.89% to 4.39%.

We associate with mortgage professionals who offer a variety of financing options with competitive rates. We only work with the best as part of our comprehensive service to our clients. You can also work with your own bank or mortgage broker. 

The market dynamics will change in these rate transitions times, so let's talk about the strategy to make your next real estate move as profitable to you as possible. Call us today!

posted in Real Estate News at Wed, 07 Apr 2010 12:52:46 -0600



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