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

Updated Wednesday, September 4, 2013
Views (2012)

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: 

  • In the United States, the process of normalization of long-term interest rates has begun.
  • Inflation in Canada remains subdued. With inflation expectations well-anchored, both core and total CPI inflation are expected to return slowly to 2 per cent as the output gap closes.
  • mortgage interest rates are higher

 Click Here to Read the Full 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
Neighbourhood Dominion Lending Centres
Cell / Text: 705-794-1283
Fax: 1-877-812-6190
Mortgage Agent, FSCO # M09001239
Brokerage FSCO Lic. # 11764


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