18 Apr

The spring market is here

General

Posted by: Brian Mill

For those who are looking to buy in the Owen Sound and Saugeen Shores areas, the listings have been coming on fast and furious over the past few weeks.  The offers are starting to fly too so if you’re looking for a house, get out there soon before all the good deals are snapped up! 

Interest rates took a fair hike a couple weeks ago which doesn’t seem to have dampened the market much.  Variable rates are still at exceptionally low rates, and fixed rates are still in the low 4’s range, so by no stretch of the imagination high. 

A quick tip for buyers…..make sure you’ve got a rate hold in place at this time of year.  History has shown that typically rates go up in the spring and go down in the fall.  By locking in a preapproved rate, or rate hold, you guarantee you won’t pay more than today’s rate on fixed rate mortgages as long as you buy before a certain date which is typically 90 to 120 days out. 

To hold a rate for yourself simply email me your information, specifically name, phone number and estimated mortgage amount and I’ll hold a rate for 120 days for you. 

I’m available anytime to meet or speak over the phone so email me at brianmill@ndlc.ca or call 519 379 3003 anytime.

Sincerely,

 

Brian Mill, B.A., CFP, AMP

Mortgage Professional, Neighbourhood Dominion Lending Centres