Quote:
Originally Posted by loob job
What are rates looking like these days for five year fixed and variable? Would you lock in a fixed rate given the economy?
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As of today, fixed rates range from 3.49% to 3.99% and 2.75% to 3.30% for variable.
The reason for the range is it depends on a number of factors:
- purchase
- refinance
- renewal / switch
- etc...
As for choosing a fixed vs variable... or locking into a fixed if you have variable? Really depends on your situation as this choice is personal and is not the same decision for everyone.
If you would like to discuss options or how you can benefit from what you currently have or would like to have... please do not hesitate to call 403-648-1541.
Here is a great article that was recently posted that can give some insight.
The bond market is now sending a clear signal: Go with a variable-rate mortgage