Date Posted: July 11, 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 an increase in active home listing in the previous week. There were 1813 homes for sale in Ottawa. Of those home for sale there were 546 new listings. Of those new listed approximately 153 homes were listed for sale in the last 24hours. And approximately 256 were listed in the past 48 hours.
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