Earlier on during the #coronavirus pandemic, we saw a big, but brief, change in variable rate discounting, with insured mortgages offering Prime -1% and subsequently shrinking considerably.
We took this opportunity to reach out to existing clients and advise that there may be a very small window of opportunity to get a discounted variable rate. We were able to secure some of our clients into discounted variable rates below 2% (within two days, almost all lenders went to just Prime on variable rates).
It was a massive shock at the time, but also an indication that there was and is likely a lot of downward pressure on the #PrimeRate .
Time is of the essence right now. If you’re wondering what opportunities exist for your #mortgage in today’s world, it’s a good time to set up a call with us. - 19 minutes ago