Mortgage Interest Rate Commentary

By
Mortgage and Lending with Mortgage Intelligence

 

Low and stable bond yields have some lenders reducing mortgage rates on the 3-5 year terms. They are getting fairly attractive relative to the variables since the discounting from prime has virtually disappeared.

In Europe the European Central Bank rate remained unchanged at 1% today. They have long since stopped talking about rate increases as the European economies continue to struggle with heavy debt loads.

Mortgage brokers clients continue to beat the bank

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