This week, one major bank moved their 3 year fixed rate up by 0.20% and 5 year rate by 0.24%.
Fixed rates remain low on an historical basis, with ability to still lock rates in for 2-3 years under 5%.
We continue to achieve excellent variable rate discounts for clients below standard rates quoted by lenders. The actual rate you pay is obviously important, but more important is achieving the “maximum life of loan discount” below the standard rate.
