The Federal Reserve has been working on the short-term rates with two recent drops totaling 1.25%. Long-term rates have been affected but not to the same extent. After peaking in the summer of 2007, the ten-year treasuries have dropped from nearly 5.25% down to the 3.60-3.75% range while the one-year treasuries have dropped from a little over 5.00% to a little over 3.00%. Even more impressive, the one-month treasury has dropped over 3.00%! With the drop in rates, now may be a good time to fix your variable rate for a longer term.

Give us a call (1-888-711-6464) and enjoy these lower rates for years to come!