Five Year Mortgage Rate Below 5 Percent
December 11, 2008 by First Foundation
Well, it's been awhile...but the five-year fixed-rate mortgage is back under 5% as of today. Currently we have two lenders offering this rate but I expect a few more within days. It's a good sign if you want to buy a house or condo for Christmas!
Let's review the fundamentals of the Edmonton mortgage market:
- Affordable house prices? Check!
- Sufficient inventory to find what you want? Check!
- Motivated sellers? Check!
- Service availability? Lawyers...check! Appraisers...check! Land titles...check! Mortgage broker? CHECK!
- Favourable environment for conditional offers? Check!
- Low interest rates? DOUBLE CHECK!!
Follow Us!