Quote:
Originally Posted by MillerTime GFG
I will go just shy of guaranteeing that it is a variable rate @ 2.6% (P -0.4). The lowest rate I have seen on a 5 year fixed in the last 2 years was a 2.74%, which was about 6-8 months ago. Now if you got financing around that time, there is a chance that your bank rep/broker bought down the rate to 2.6%, but I don't know anyone that would need to buy down a rate from 2.74%, as that is incredibly low as-is, and that would mean little to no commission for the broker.
In regards to current rates these days - I'm a Mortgage Professional with SmartCap (brokerage being invis) and I can currently lock clients into a 3.09% 5 year-fixed for 90 days, and I can do a 120 rate hold at P - 0.5, which would currently leave you at 2.50%. Feel free to send me a message if anyone has any questions/inquiries.
I'm not sure how Flamesrules got a P - 0.70... I've never seen that, and I have access to over 50 different lenders. Here's the link to my thread: http://forum.calgarypuck.com/showthr...=125184&page=2
Greg |
my previous mortgage was prime - 0.8% through ING (true north mortgage as broker) variable. I closed that in June 2008 for 5 years. i renewed with ING in June 2013 closed rate of 2.6% for five years (definitely not a variable). This is the first time i have ever locked in a rate in a decade. I have always gone variable before last June