We have another long weekend upon us with some needed sunshine in the forecast.
The market remains strong for buyers but for how long we do not know. But with rates this low and a great selection of homes you will not find a better time to purchase.
This week we are featuring 5 agents who will be showcasing some great properties in the Moncton and Shediac areas.
Since we are suppose to be seeing a lot of sun this weekend we will start off in Shediac where you can enjoy the beach and ocean after you so see the following home.
On Sunday, August 2nd Kevin Caissie will be your host at 11 Donald Street, Shediac from 2-4pm. You can check out the listing and directions here. This would make a great home for a first time buyer or someone looking to down size and at this price would be less than renting. Give Kevin a call at 506-961-4466.
On Saturday/Sunday, August 1/2 Marc Little will be your host at 89 Will Rogers Road, Lutes Mountain from 2-4pm. You can check out the listing and directions here. This is a high end custom executive bungalow in a great location. Give Marc a call at 506-381-4540.
On Sunday, August 2 Devon Babineau will be your host at 725 Ammon Road, Irishtown from 2-4pm. You can check out the listing and directions here. If you are looking for a country setting close to the city then you do not want to miss out on this property. Give Devon a call at 506-961-8111.
On Sunday, August 2 Geraldine Guimond will be your host at 51 Newberry, Moncton from 2-4pm. You can check out the listing and directions here. This is in a great location in the popular Mountain Woods area close to the golf course. Give Geraldine a call at 506-381-4092.
On Sunday, August 2 Franklin Springle will be your host at 120 Edgett Avenue, Moncton from 2-4pm. You can check out the listing and directions here. Another great property that would have a mortgage payment less than rent and located in a great area. Give Franklin a call at 506-875-3306.
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.
So get out and enjoy the sunshine and check out these great properties.
Call today and get pre-qualfied and then go find your new home.
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.