Banks boost mortgage rates

Some banks have raised their benchmark 5 year rate to 5.85% up 60 basis point. 4 year rates are averaging 5.34% up 40 basis points. What does this all mean if you have a mortgage and you face higher rates in the near future. Here is a good article in Globe and Mail that may help. For more Vancouver condo or real estate info contact Kerry Stimpson CENTURY 21 In Town Realty

 

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