Long Term Rates Drop
March 22, 2010 by Gordon McCallum
I’ve just updated our interest rates because one of our lending partners dropped their 6, 7 and 10 year rates.
6 year closed: 4.55%
7 year closed: 4.65%
10 year closed: 4.99%
The six-year is nothing special because of the spread vs. a 5 year, but a 10 year fixed at 4.99% is a deal, and the lowest I’ve ever seen. If you’re into long-term stability and want a sweet deal, then I’d consider talking to one of our licensed mortgage associates because I’d be surprised if these lasted very long.
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