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Your Weekly Jurock.com E-Mail Dispatch
- for the week of Friday, July 03, 2009
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Latest Jurock.com Video:
Ozzie Jurock: December Real Estate Numbers
Date:
Wednesday, January 14, 2009
(Length 4 min 12 secs)
56K or High Speed
More Real Estate Videos
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Latest Mortgage Rates:
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"On June 23, 2009 another major lender - TD Canada Trust announced that they will not accept Pre-approvals any more," says Kyle Green of Mortgage Alliance (604-551-8976). "The cost of doing a Pre-approval is very expensive for banks, since less than 1/3rd of the Pre-approvals actually fund and the bank still hedges the funds which costs them millions each year. One lender was rumoured to be losing $20 million per year on pre-approvals. Because of the constraints on the market right now, if you are thinking of buying in the next 3 or 4 months, you should consider getting your pre-approval in now in case this continues to be a trend."
Indeed. Good advice, Kyle. Rates are still crazy. In the US the 30 year rate rose from 4.71% to 5.3% despite all of President Obama's best efforts to the contrary. If the world wakes up and refuses to take American Treasuries ... no one will be able to halt a sharp rise in interest rates. We moved in one day by almost a full percent last week. So, we know it is possible. Today's 5 year 4.12% rate is still a great rate for an investor.
| June 23, 2009 |
1 yr |
2 yr |
3 yr |
4 yr |
5 yr |
7 yr |
10 yr |
15 yr
| 18 yr
| 25 yr
|
| Meridian Rates |
2.75% |
2.85% |
3.65% |
3.99% |
4.12% |
5.15% |
5.25% |
9.15% |
9.15% |
9.25% |
| Posted Rates |
4.50% |
5.00% |
5.15% |
4.84% |
5.25% |
6.60% |
6.70% |
n/a |
n/a |
n/a |
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Weekly Real Estate Deals:
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1. Lloydminster, NO MONEY DOWN - CASH FLOW, Price: $137,000 current appraisal. Lloydminster, Alberta with a vacancy rate below 1%.;
2. Lloydminster, 10% DOWN - CASH RETURN 27%, Price: $129,900 with $12,950 down. A 10% second mortgage with no payments for 2 years at 4% interest is also available to you. Secure a monthly positive cash flow of $141 after ALL expenses including property management. Cash on cash net return with mortgage pay down is an amazing 27%.
Look up contact info on your password protected website.
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The following are the latest Questions and Answers from Jurock.com's "Ask an Expert"
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Mainland Home Inspections
