5-Year Fixed Rates Are Above 4%
The insured 5-year fixed rates are now averaging 3.98% while the uninsured mortgages average 4.12% due to another increase in bond yield.
The insured 5-year fixed rates are now averaging 3.98% while the uninsured mortgages average 4.12% due to another increase in bond yield.
Fixed rate vs Variable rate mortgages, both of these have there own pros. Here’s what you need to know about the two types of mortgages.