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More Variable Rate Discounts Disappear

Popular lenders ING and MCAP are now the latest to announce they are eliminating discounts for variable rate mortgages.  After midnight tonight they will be at prime.

There are now exceedingly few places to get good discounts on variable-rate mortgages.  Hopefully this is a short-term phenomenon but there is no way to know when the big discounts will come back. 

If you need a variable rate mortgage in the next 120 days call a mortgage planner now.