Meridian Offers Ontarians the Lowest Posted Mortgage Rate in Canadian History
Meridian Offers Ontarians the Lowest Posted Mortgage Rate in Canadian History
Meridian Offers Ontarians the Lowest Posted Mortgage Rate in Canadian History
Mortgage applications hit the highest level since January last week, thanks to the lowest interest rates since February.
The best mortgage type is the one that has the lowest total cost over the period that is the borrower’s best guess as to how long he or she will have the mortgage, provided that the borrower can afford the payment.
Super-low mortgage rates and the fastest job creation in 15 years still aren’t triggering a big rebound in demand for new homes that’s long been expected. A gauge of confidence among home builders fell in March for third month in a row and touched the lowest level since last summer.
NEW YORK ( MainStreet ) — When it comes to mortgage rates, we've heard the term “record lows” for years now. And while interest rates on home loans have wavered a bit, they've recently dipped to the lowest levels in nearly two years.
It's been another good week for prospective homebuyers and mortgage refinancers, as average fixed mortgage rates slipped for the third consecutive week, according to Freddie Mac.
The average rate for a 30-year fixed-rate mortgage fell to 3.66% in the week that ended Jan. 15, hitting the lowest reading May 2013, from 3.73% in the prior week, according to a Thursday report from federally controlled mortgage-buyer Freddie Mac .
U.S. mortgage rates fell for a second week, holding at the lowest level in more than a year and a half, as declining financing costs boost loan demand.
Average interest rates on fixed-rate mortgages fell this week to their lowest level since May 2013, Freddie Mac said Thursday.
After mortgage rates stayed surprisingly low in 2014, who knows how they will shake out in the new year? Either way, borrowers who want to refinance or buy a home have the best chance to get the lowest rate by knowing more, not less, about the mortgage game.