As of July, 2010 mortgage rates are moving down with a 5 year fixed for under 4% now in sight. However, considering less than 30% of all 5 year fixed rate terms in Canada actually make it to renewal it may be advisable for you to consider a 3 or 4 year term. In fact, the average mortgage length online a lower interest rate than a 5 year. Just thought Empoer Federal Credit Union you should know!
How To Choose The Right Mortgage Term
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