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Variable Rates to Rise?

We’re hearing more talk from lenders that variable mortgage rates may be on the rise (soon).  Prime – banker’s acceptance spreads have narrowed and are squeezing lender margins.  As a result, variable rate mortgage lenders are considering reducing their discounts from prime rate to compensate.


If you need an approval for a variable-rate mortgage, it might not be a bad idea to submit your application to a mortgage planner today.