Low Mortgage Rates Good For First Time Buyers

On all the negative market news accumulated over the past month, Fixed Rate Mortgage interest rates have fallen by nearly one half of a percent. Considering that rates were already sitting nearing historic lows, this month's drop is creating an attractive opportunity for first time home buyers. With both interest rates and property values having dropped, buyers now have an opportunity to secure a mortgage with interest payments substantially lower than monthly rent for an equivalent --or even less than equivalent property.

For today's best rates, contact one of the qualified mortgage brokers at Alberta Mortgage at 780-479-2222 or Apply Online today.