Top Questions about Waterloo mortgage rates and its housing market:
Q: Is it wiser to apply for a fixed or variable rate in Waterloo?
A: There is no wrong answer since we can offer excellently fixed and variable rates. However, some prefer the simplicity of a fixed, while others wish to have more long term potential for an opportunity with a variable rate mortgage.
Q: Are Waterloo rates going down or up over the next year?
A: As of June 2020 rates are stable and trending downwards, as banks reduce their risk premium related to COVID and as bond yields continue to decline.
Q: Is the housing market resilient in Waterloo?
A: Yes, the strong local economy and desire for locals to remain in Waterloo will continue to create strength and growth in the local housing market.
Contact us for more questions today!
Shopping for Mortgage Rates in Waterloo
Over the past 15 years, locals in Waterloo have been increasingly using the services of a local mortgage broker. With the advent of the internet over the past 10 years, locals have also been taking online to read local reviews and to select the right broker with the best rate. So while the trend for Waterloo homeowners and shoppers remains constant, the internet is helping to reduce rates even further while improving service at the same time.
Comparing Waterloo Mortgages
Mortgage rate shoppers in Waterloo are looking for an honest approach and the best partner for their mortgage over the short term and the long term. They want to feel comfortable with their mortgage provider, while also obtaining the best mortgage rate. At Altrua we encourage rate shopping because we feel good when our customers recognize our low rates compared to our local and national competition. We offer the best of both words – a local broker that has lived in the community for over 35 years, while also obtaining the lowest rate.