Another weekend is upon us but mother nature looks to be broken. With rain most of the week and more coming it looks like it will be a few days before we get back to some sunshine and better temperatures.
So what better to do than look for a home to purchase. This is a busy time of year for home sales so if you are looking then take advantage of some of these great open houses.
We are actually going to start with a great ocean view property that is happening today.
From 2-6pm Friday July 24th Devon Babineau will be your host at 71 Westshore Drive, Pointe Du Chene from. If you want an ocean view then you need to go to this one. You can check out the listing and directions here.
On Sunday, July 26 Stephen Macleod will be your host at 11 Cantara Court, Lower Coverdale from 2-4pm. You can check out the listing and directions here.
Stephen Macleod can be reached at 506-383-3628 or email him at [email protected]
On Sunday, July 26 Kevin Caissie will be your host at 21 Monique, Shediac from 2-4pm. You can check out the listing and directions here.
If you are looking for a home in the Sussex area then check out 123 Magnolia Ave, Sussex where Ted Mcshane will be your host from 2-4pm on Sunday, July 26th. You can check out the listing and directions here.
So go visit Devon, Kevin, Steve and Ted and check out all their great offers.
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.
This is a great market if you are looking for a home – low rates and lots of options. If you are serious about buying then you will not find a better time to do so.
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.