Agent Blogs

The bond rate again matched the low for the year, this past week. Pricing on variable rate mortgages has continued to change with discounts of prime less .4-.5% (2.50%-2.60%)becoming harder to obtain. There are no changes in the fixed rates, 5 year fixed money is as low as 3.29%.

If you have a variable rate of any more than prime or prime + or a fixed rate of 4.50% or more, we should explore the merits of refinancing to a lower rate. 

Contact us for a free, no obligation review. Spending a few minutes could save you thousands of dollars.
Bank prime is at 3.00%
The next meeting of the Bank of Canada is on October 25, 2011.

-Cory