Rates have increased...
| Term | 6 Month | 1 Year | 2 Year | 3 Year | 4 Year | 5 Year | 7 Year | 10 Year | Variable
Rate | Prime
Rate |
| Posted Rates* | 4.90% | 3.40% | 3.65% | 4.60% | 5.59% | 6.10% | 6.85% | 7.05% |
| Best Rates* | 3.85% | 2.49% | 3.30% | 3.85% | 4.19% | 4.44% | 5.00% | 5.35% | 1.75% | 2.25% |
According to mortgage consultant, Rob Townsley, all lenders have upped their rates. Not the end of the world, rates are still is great...I suggest to get pre-qualified and lock-in the rate.