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- Advanced Mortgage Investment Corporation

Solutions for borrowers, brokers and investors

Open House - The Real Estate & Mortgage Show: July 18th, 2020

Open House - The Real Estate & Mortgage Show: July 18th, 2020

Date Posted: July 18, 2020

The housing market in Ottawa is now stronger year-over-year than in 2019, as we enter the latest phase of reopening during Covid-19.  As we move into the summer months a handful of lenders are offering historically low interest rates at Mortgage Brokers Ottawa.

There has been a settling in the number of active home listing in the previous week.  There were 1810 homes for sale in Ottawa of which 405 were condominium listings: an unusually high number of units for this time of year.  Of the 1810 home for sale there were 579 new listings.   Of those new listings 236 were listed for sale in the last 24hours. 

The fixed interest rate market continues to be at all-time lows, as well as variable interest rates.  Variable interest rates are low and likely to remain low for quite some time.  As such, it is a great time to reach out to your Mortgage Broker and secure a mortgage Pre-Approval.  By locking in an interest rate for 120 days you are securing a rate in this low rate environment.

Having a trusted Realtor and Mortgage Broker during these fast-changing times is essential in making informed decisions.

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Contact your Mortgage Broker today for trusted advice