Wednesday 25 September 2013

5 Year Rate Starts to Drop

As I predicted, the first of many Lenders has announced a small but promising reduction in its Fixed 5 year mortgage rate.

Merix has reduced its 5 year Genworth Insured mortgage to 3.64% from 3.69%

I predict because of the 5 year bond rate dropping to August levels rates may drop more in the near future.

In the meantime, the Variable at 2.60% and 2 year and 3 year mortgages at 2.99% and 3.19% are still attractive

Use an experienced Mortgage Broker and get the best advice, service and rates.

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