October 5th, 2008, Michael Sjerven
Summer has now come to a close and a lot is changing in the mortgage world. The 100%/40 year mortgages are basically finished now, and rates are on the rise. In the last week most lenders got rid of their discounts on variable rate mortgages. Instead of offering rates of say 4.25%, they are now at prime (4.75%) or even prime plus+. Though I've been a longtime believer in variable rate mortg ...
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