The middle of July is here and I am already seeing school supply sales. I don’t even think the ink is dry on final report cards yet.

The weather continues to cooperate and Moncton is alive with festivals, car shows and an amazing line up of concerts.

The housing market remains strong and homes are selling. Now is a great time to be purchasing a home so if you are on the fence you need to get off it and get into a new home.

So let’s get to the line up for this weekend.

On Saturday, July 18 Devon Babineau will be your host at 28 Marcelin St, Dieppe from 2-4pm. You can check out the listing and directions here. On Sunday, July 19 you can check out 15 Charles Lutes Rd, Moncton from 2-4pm. Check out the listing and directions here.

Devon Babineau can be reached at 506-961-8111 or email her at [email protected] Or check her out at http://www.exitmoncton.ca/our-team.asp?id=119

On Sunday, July 19 Jason Thibodeau will be your host at 7-50 Damien, Dieppe from 2-4pm. Check out the listing and directions here.

Jason Thibodeau can be reached at 506-229-7304 or email him at [email protected] Or check him out at http://www.century21.ca/jason.thibodeau

If you are going to be in the Sussex area then contact Ted deWinter where he will be showcasing 40 Marble St. from 1-3pm on Sunday July 18. You can check out the listing and directions here.

Ted deWinter can be reached at 506-434-3963 or email him at [email protected] Or check him out at http://www.teddewinter.com/Contact_Ted/page_2566628.html

Interest Rate News

Now onto the interest rate news. Rates have continued to stay low and it looks like they will continue to do so for the near future. We are currently seeing 5 year fixed rates from 2.54% to 2.79% depending on how quick you can close. These rates have all the mortgage options attached to them so you can feel assured of a great mortgage product. The variable rate is currently sitting with as much as 75 off the banks prime lending rate. (Current prime rate is 2.70%). This equates to an initial mortgage rate offering of 1.95%. (O.A.C and subject to change without notice). The BoC did drop there rate by 0.25% bringing it down to 0.50%. The banks lowered 0.15% bringing the prime from 2.85% to 2.70%. This is a great rate and if done correctly a variable rate mortgage is a great product.

Have a great weekend and enjoy this beautiful weather we are expected to have.

Eric Gall is the owner of Avanti Mortgages (operating as a mortgage specialist for TMG – The Mortgage Group Atlantic). If you are purchasing, refinancing or renewing your mortgage contact Eric or check out his website and apply online.