|There was no change in today's press release. Their overall message of keeping Bank prime the same has not changed. Bank prime remains at 3%.
This means no changes in variable rate mortgages or line of credit rates.
Five year money ranging from 3.59-3.89% and 10 year money from 4.19% range. Variable rate mortgages are available in the 2.6% range
Below are the highlights of the Bank of Canada Announcement:
The next Bank of Canada Announcement is scheduled for Oct. 23, 2013.
Bank prime is 3.0%
If you have any questions as to what this means to your mortgage, we are always here to help you with unbiased advice.
Cory Kline, AMP
Mortgage Planning Since 1998 - VOTED: Barrie's Best Mortgage Professional, by the readers of the Barrie Examiner.
Neighbourhood Dominion Lending Centres
Cell / Text: 705-794-1283
Brokerage FSCO Lic. # 11764
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