Robert McLister·General·May 13, 20083-Year Fixed Rates Break 5% “Quick close promotions” are still going strong. With a few exceptions, most of the best fixed rates today are with non-bank lenders offering big discounts to borrowers closing within 30-45 days. If you’re hunting for a fixed rate, the sweet spot currently seems to be with 3-year mortgages. A few lenders are now offering 3-year fixed mortgages at under 5.00%, with good privileges to boot. The above rates are generally not available at the banks, however, so the best bet is to call a mortgage planner to start your research. Like news like this?Join our CMT Updates list and get the latest news as it happens. Unsubscribe anytime. SUBSCRIBE! Thank you for subscribing. One more step: Please confirm your subscription via the email sent to you.