There has been much talk and predicting by the pundits regarding mortgage rates steadily rising.<\/p>\n\n\n\n
However, they have still remained at historic lows throughout 2021 and now the beginning of 2022, making it a great time to apply for a mortgage loan, a commercial loan or a home refinancing.<\/p>\n\n\n\n
Since late March 2020, the Bank of Canada has kept the prime rate at a low 2.45%. This is in response to the pandemic, of course, and the financial crisis we\u2019re undergoing both as individuals and as a country.<\/p>\n\n\n\n
It\u2019s easy to understand the thinking of why now is the best time to buy. Vaccinations have been slowing the spread of COVID-19. The economy is recovering rapidly. The world is opening back up again. That means that high inflation rates are on the horizon, and inflation<\/a> is usually not good for interest rates.<\/p>\n\n\n\n But with the prime rate being as low as it is at this time, we\u2019re seeing some of the best interest rates in history, with current mortgage rates at a record low, causing a bit of a real estate boom.<\/p>\n\n\n\n If you are thinking about buying or refinancing soon, you will want to take advantage of these current low mortgage rates. Your best move will be to get pre-approved for your home loan. This will let you know exactly how much you can afford and enable you to lock in the best possible rate.<\/p>\n\n\n\n Please feel free to call our toll-free number \u2013 1 888 965 0526<\/a> \u2013 and we can answer any questions you may have about obtaining a mortgage loan from Last Minute Mortgages.<\/p>\n","protected":false},"excerpt":{"rendered":" \n There has been much talk and predicting by the pundits regarding mortgage rates steadily rising.<\/p>\n\n\n\n