Interest rates have moved mostly sideways so far this month, however they are down nearly 1.00% from just six months ago. Five-year fixed rates are in the 3.50-3.75% range with long-term fixed rates in the 4.00-5.00% range.
We are making loans and we are actively looking for new business. No one knows how long these low rates will continue, but now may be a good time to move that short term variable rate loan into a longer term fixed rate. When the short term rates start to move, it may be too late...
Contact us today to get current rates and terms!
