Rates Are Hopping Again!!
Benjamen Tahl Chief Economist for CIBC feels that the bottom of the bond yields has hit and that over the next year or 2 the rates will settle for the 5 yr fixed around 5-6% and then the variable rate mortgages will go back down to prime -.80 etc down the road when prime goes back up. TD has risen their rates and Firstline is expected to later today. First National does not usually give any notice they just move.
Here is the contact information for Firstline for anyone who wants to lock in today as tomorrow will be higher.
Toll free is 1-800-970-0700
Toll free fax /1-800-267-2080
Email is servicing@firstline.com
And here is the contact information for First National:
And here is the contact information for First National:
Toll free 1-888-488-0794
Toll free fax 1-800-567-0711
Email is customer@firstnational.ca
If you want to lock in then email them with your mortgage number.
Both lenders 5 yr is still 4.09% this minute.
For those of you thinking of refinancing now might be a good time to lock in for 120 days on a refinance and watch your penalty go down.
For those of you thinking of refinancing now might be a good time to lock in for 120 days on a refinance and watch your penalty go down.