Just announced today, variable rate mortgages were increased by RBC from 2.25% to 2.55%.
Other lenders are expected to follow suit tomorrow.
What does that mean?.....an extra $3,000 in interest payments on a $200,000 mortgage over a 5-year term.
Contact me to keep abreast of interest rates and the real estate market. Having an informed REALTOR representing your interests will save you time, money and stress!
Find relevant information on real estate, from household tips to market conditions and statistics. Contact me for a FREE Home Value Report!
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