Great Time to Jump into the Housing Market with Low Rates

While standing in line at my bank the other day I noticed that their fixed rate for a five-year closed term mortgage is 4.09 per cent. It seemed like a good deal. Later that day I noticed that a different bank had lowered their fixed rate for a five-year closed term to 3.75 per cent. In this competitive market, I’m sure that it won’t be long until the other big banks follow suit.