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Rates are on the rise

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Interest Rates are starting to rise

Bond yields have been putting pressure on fixed interest rates for mortgages. As of this morning, they have started to rise anywhere from .1-.2%.

For a $300k mortgage, a rise in rate from the current 2.34% to an average rate of 2.49% would be an increase of $22.30 a month in payment. This also means $2109.32 more in interest over the 5 year term.

Don't hesitate to contact me with any questions or concerns.

www.christinebuemann.com

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Location: 1338 Central St E, Prince George, BC V2M 3C1, Canada

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