Cheap money.

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If someone asked me, 5 years ago, where interest rates would be today – I wouldn’t have answered 2.79% for a 5 year fixed.  This is crazy, but also a sign of the times #longrecovery #japanstyle

Today, a series of lenders decreased rates on all of their terms (1 – 10 years).  For all terms, except for a 10 year, you can get an interest rate under 3%!  Better yet, there’s no sign of interest rates moving up – there’s even talk that they may still head downward.

The world truly is a complicated place right now – pretty damned cheap, too.

Marko Gelo (President, Home Financing Solutions Inc.)

cheap

By |2017-06-16T00:15:07+00:00January 27th, 2015|Uncategorized|Comments Off on Cheap money.

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