Mortgage Rate review – August 2006 vs. September 2007

  I posted this rate update last year:

“James Cosco, of Cosco Mortgage, came by with a new rate sheet today. Guess what? Rates are going back down.

1 yr. 5.25% (unchanged compared to Aug.9 [2006])
2 yr. 5.3% (Was 5.35% Aug. 9)
3 yr. 5.3% (Was 5.45% Aug. 9)
4 yr. 5.4% (Was 5.5% Aug. 9)
5 yr. 5.35% (Was 5.55% Aug. 9)
7 yr. 5.65% (Was 5.75% Aug. 9)
10 yr. 5.85% (Was 5.9% Aug. 9)

Will they keep dropping? Keep Fed watching and BoC watching to find out.

For mortgage help contact James Cosco at 604-291-1011.”

Compare those rates to the rates James gave me last week:

“James Cosco, of Cosco Mortgage Corp., dropped off some rate sheets today,  effective today, September 6 [2007]. 

1 yr: 5.6%  (unchanged)

2 yr: 5.65% (unchanged)

3 yr: 5.7% (unchanged)

4 yr: 5.95% (unchanged)

5 yr: 5.74%  (down 0.05%) 

7 yr: 6.05% (unchanged)

10 yr: 6.15% (unchanged)

If you’d like some help with a mortgage, please contact James at 604-291-1011.”

There isn’t a huge difference. There is a difference between what some mortgage brokers advertise and what others advertise.

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7 Comments

Filed under Mortgage Rates

7 responses to “Mortgage Rate review – August 2006 vs. September 2007

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