A survey of mortgage rates shows floating ones rising and fixed ones falling.
Two to five year fixed interest rates eased in the month to July 10, according to the Real Estate Institute Mortgage Interest Rate Survey.
Tuesday, July 16th 2002, 8:55AM
by The Landlord
Ten of the 16 lending institutions lowered three to five year rates by 0.20 to 0.26%, while seven institutions decreased their two year fixed rate by 0.05% to 0.20%. Floating rates continued their upward trend, with five institutions raising their floating rates by 0.24% – 0.25%, to now range between 7.35% and 8.00%, compared to the 7.35% and 7.75% range as at June 10.
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