Understanding the Current Mortgage Rates ~ Own Your Life Episode
- Byjessijohnson
- InBlog
- PostedJanuary 06, 2023
In this episode of Own Your Life, we plan to cover the current hot topics:
~ Understanding The Current Mortgage Rates β
~ October sales data β
~ Buying now vs. 6 months ago β
~ Foreign buyer ban β
π Learn more, call Jessi at 604 716 6474, email jessi@jessijohnson.ca or schedule time to chat here: https://calendly.com/jessirealestate
To be clear, we can still obtain Prime β 1% (variable) & 5.29% (fixed) for purchases and mortgage renewals, but conditions can apply. This is for a 1 – 2 year fixed term, I am not recommending anyone take a 5-year term in the current market. Today, that would be 5.5 to over 6 %, depending on the lender. Instead, we suggest a 1 or 2 year term with the intention of getting into a longer term once the rates go down.
Watch the video for more details π
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π Learn more, call Jessi at 604 716 6474, email jessi@jessijohnson.ca or schedule time to chat here: https://calendly.com/jessirealestate