Pre-qualify and lock in rate, experts urge
June 29th, 2007
As residential mortgage rates moved up this week, experts are advising home buyers to get pre-qualified for a mortgage and lock in rates. The warning comes as major banks raised posted rates by between 0.05 and 0.20 percentage point, depending on the term. Effective last week, the five-year closed rate goes up 0.15 point to 7.44 per cent. It's the fourth rise in less a month during a series ...