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Fixed Rates Shoot Up .3% Overnight While Variable Rates Rumoured To Decrease by .25%

All the murmurs of fixed rates rising finally came to fruition as rates jumped as high as 3% overnight. This means that someone seeking a $500,000 mortgage needs to pay almost $1000 more a year than they did yesterday - procrastinating is getting expensive. Get pre-approved to have your rate reserved and consider a variable rate that is rumoured to go down in the coming months.

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