Longer term interest rates have moved down so far this month, and they are down over 65 basis points since mid March. Five-year fixed rates are in the 3.15 – 3.55% range with long-term fixed rates in the 3.50 – 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!