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.)