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Ricardo Said:

What is the current mortgage interest rate in Canada?

We Answered:

Fixed rates - 5 year - 5.89%

Variable - Prime minus - .06% - 5.15%

Lewis Said:

what is the current mortgage interest rate, I am coming out of a fixed rate and not sure what to do now?

We Answered:

I'm in same predicament!! I'm coming off a fixed rate in February and I'm scratching my head a little bit!!

Theres talk of a interest rate cut within the next month or so, which is great for me but maybe not great for you!!!

Personally, I believe that interest rates are still low if you look at the historical interest rates for the last 40 years, so a fixed rate now is still a good idea. However, if the government are to cut interest rates - how many times will they do it??

Finger in the air time!!

I'm still favouring a fixed rate deal, it just depends on how much I'm willing to pay to set up the deal?? hmmm!!

Although rates may come down....... I still like to know how much is coming out of my bank account each month, which is not as exciting as waiting on the bank of england to announce their interest rate decision each month, but I could do without the worry!!! ie - theres enough in life to worry about.

And as I have said interest rates are still historically low.

The decision I'm afraid is down to you.... how much of a risk do you want to take???


BTW - rates are not rising all over the world - look at america - cut of 0.5% a month or so ago - talk of another cut.

Eugene Said:

what is the current mortgage interest rate as of 2/13/08 in California?

We Answered:

hmm checking refi and purchase for you Ill give you the best rates avalible to you

The best I can find is 5.3750%


National mortgage loan source

Erika Said:

What is the current fixed rate mortgage interest rate, and what interest rates were used on the foreclosures?

We Answered:

i've seen you on these forums before. you know better than this question.

mortgage rates, as you well know, depend on the borrower(s), their credit history, where the property is, the down payment, etc., etc.

bankrate.com provides fixed rate quotes by area for borrowers with excellent credit and down payments.

Barbara Said:

current mortgage interest rate trends?

We Answered:

fix up the home but when you refinance tell your friend you want 5.875 or better you could get it now if you needed.

i would definately get the upgrades done asap and then refinance but dont wait till the last minute.

and when you do refinance make sure you get he rate you want and try to get it under 6% its possible now and if things dont go up you should have no trouble getting it