4-5 year fixed rates on the move...up

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From: Victor Mann


Investors should be aware that the 4&5 year fixed rates all rose today. Some banks by nearly 1%. Don't plan on them staying put either the market is becoming a little volatile at the moment. So if your hunting for good rates you may need to pay a holding fee at application time to secure the rate Good Hunting!!!!

Victor
 
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Reply: 1
From: Francoise B


On 5/24/01 4:06:00 PM, Victor Mann wrote:
>Investors should be aware that
>the 4&5 year fixed rates all
>rose today. Some banks by
>nearly 1%. Don't plan on them
>staying put either the market
>is becoming a little volatile
>at the moment. So if your
>hunting for good rates you may
>need to pay a holding fee at
>application time to secure the
>rate Good Hunting!!!!
>
>Victor


Yes Victor,
I noticed this in today's paper (28/5), 3 year fixed rates which were 6.45% are now 6.65%! Shame the banks don't respond so quickly when things move the other way!
 
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