Long Term Rates Drop

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 brokers because I’d be surprised if these lasted very long.