Date Posted: June 27, 2020
The housing market in Ottawa is almost business as usual, 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 an increase in active home listing in the past week. There are currently 1900 homes for sale in Ottawa. In the past week there were 664 new listings. From that number there were 153 homes listed for sale in the last 24hours. And in the past 48 hours there were 256 homes listed for sale.
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.
Contact your Mortgage Broker today for trusted advice