Thread: Mortgage Rates
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Old 12-05-2016, 04:19 PM
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Heads Up everyone...

Rates are changing daily. Lenders are adjusting to the rule changes from Oct 17th and on Nov 30... as well the increase in the 5-Year Bond Yield since the US election.

Along with the increase in standard rates, there are rate Premiums on a variety of products to be aware of:

* Rentals will see a rate premium of approx. 25bps (0.25%) over and above a Principal Owner Occupied Property
* Amortizations over 25 years - we are seeing some lenders with a 10bps rate premium
* Refinances - we are seeing some lenders with different rates on refinances

Along with the mortgage changes and rate premiums... it is very important to reach out early to ensure you understand all your options and protect rates. We do expect to see more changes in the coming months.

Please reach out for a free no obligation call or meeting to discuss your situation and options.
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Tim
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