Posts Tagged ‘Current Mortgage Rates’
* Homebuyers turn screws on sellers
Posted on September 10th, 2008 by City Home Mortgage Specialist. Filed under Canadian banks, Home Mortgage Rates, New Home Mortgages, Residential Mortgages.
In this buyer’s market, many are taking advantage of sellers’ desperation, demanding major home repairs, warranties on appliances, and even tax rebates.
A rock-bottom price just isn’t enough for buyers these days – it’s a starting point. If the furnace is out of date, they’ll demand a new one. Cracked driveways have to be repaved, and dirty carpeting torn out and replaced. All at the seller’s expense.
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Current Mortgage Rates
|
| Type | Overnight avgs |
|---|---|
 |
|
| 30 yr fixed mtg | 5.79% |
| 15 yr fixed mtg | 5.42% |
| 30 yr fixed jumbo mtg | 6.93% |
| 5/1 ARM | 5.71% |
| 5/1 jumbo ARM | 6.26% |
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