Agent Blogs

Bonds remained relatively steady the past week with only slight upward pressure. No changes expected in interest rates at this time.

Five year money is currently in the 3.09% - 3.19% range. We still have one one lender, both conventional and high ratio, offering 10 year funds at 3.89%.

Over the past week we have started to receive notices from our lending partners on implementation of the new OFSI mortgage rules.

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 October 23rd, 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 from Neighbourhood Dominion Lending Centres) 705-794-1283 or Cory@NDLC.ca