Lock into Fixed Rate? - 5 Year Bond Rate Graph

If you did not like the run up on rates over the last year, it might be a good time to lock in now. 

Since November, bond rates dropped 1.0%.  Over the last month they went up .25%. 

Overall they are .75% below their highs.  

If you wanted to get into fix and were waiting for it to go lower, might be a good time to move on it. 

Before you do anything however, you need to understand how your bank structures penalties.  Many banks calculate penalties in ways that can end up costing thousands more. Some banks have a fairly reasonable structure. 

Schedule a call with Aleem to find out more or if you have any questions