09 Jun Could June Be The Best Month To Get A Mortgage?
You could be forgiven for thinking that Canadian mortgages had reached their lowest rates back in April, and that it simply wouldn’t be possible for the market to sustain these rates for long, however, it’s now June, and those rates are still at an all-time low. That said, with the market being as unpredictable as it is in these unusual and unprecedented times, experts can’t confidently predict whether rates will stay this way, go lower, or soar as the economy begins to pick up again.
Keeping this in mind, experts are advising that homebuyers lock in the low rates that we’re currently seeing, before they get a chance to jump up.
What are the experts saying about June’s mortgage rates?
June is going to be an interesting month for lenders and homebuyers, and while experts are predicting that mortgage rates will drop even lower – with averages possibly falling below 3% for the first time over the next couple of months – they are also advising caution.
Understanding the rates and how to get you the best deal, is something that mortgage brokers are experts in, and if you’re struggling to make sense of the predictions and advice of experts, they can help steer you in the right direction.
Could an independent mortgage broker help you lock in a great rate?
Life is something of a gamble, but when your money is at stake and you’re looking to make a safe investment, you don’t really want to throw yourself at the mercy of a mortgage rate lottery. While rates could fall even lower as we go through June and into July, there are no guarantees, so, the safest bet might be to capture a best-ever rate now, before you’re forced to gamble with your hard-earned money.
A qualified, knowledgeable and independent mortgage broker will ensure that you don’t play with fire when it comes to buying a mortgage, while at the same time ensuring that you get the best deal for your financial circumstances, while rates are so low. With less overheads to pay for, an independent brokers operational expenses are often far lower than those who work for larger companies, and that’s almost always reflected in the lower fees that they are able to charge their customers.
If you want to take advantage of mortgage rates that are as low as they’ve been in fifty years, now could be the time. June has already begun, and with a tempestuous and unpredictable economy, it might be wise to lock in a low rate before things change for the worse. With the help of an experienced, independent mortgage broker, you could be well on the way to buying the home of your dreams, and looking forward to a more prosperous year ahead.