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Crisis of Confidence Grips Markets and Mortgage Rates Pushed Down

Blog by Tridac Mortgage | August 8th, 2011

Yesterday, August 4, 2011, was a day most investors would rather forget. Losses were seen right across the board as fresh fears about Europe and the U.S economy came to light. The silver lining in these times of uncertainty is that it pushes fixed rate mortgages down. Some lenders were quick to react to the market movement and announced lower fixed rate mortgage pricing.

We can now offer 3.49% for a fixed 5 year! Amazing considering the lowest fixed 5 year I have ever arranged was 3.49% last summer.

If you are in the market and currently looking for a mortgage, competitive rates, and a professional to help with the decission, call us with confidence. We're here to help you. 416.461.0204.