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Cory Kline, AMP - Mortgage Agent
Cory Kline, AMP
Mortgage Agent
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Cory's Mortgage Market Comment...

Updated Thursday, July 19, 2012
Views (6290)
Continued uncertainty in Europe and other emerging economies is still a concern to the Bank of Canada. On Tuesday, it was announced that no changes will take place and bank prime will remain at 3%.

The bond rate remained steady this week with five year money maintaining the 3.09% - 3.19% range. We still have 3 lenders offering 10 year funds at 3.89%.

If you have a variable rate of any more than prime +.75 or a fixed rate of 4.0% 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 3.00%

The next meeting of the Bank of Canada is on September 5th, 2012.

 

 
If you, your family, or co-workers require guidance on current market trends, please call us, we are always available to help.
 
Cory Kline (Mortgage Advisor at Neighbourhood DLC, cory@ndlc.ca or 705-794-1283)

 

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