Agent Blogs

The bond and mortgage market have been uneventful this past week. No real changes at all. The Bank of Canada announcement is next Tuesday and no changes are expected.

We still have 2 lenders offering 10 year funds at 3.89%. A wonderful option for those concerned with future rates. 5 year money is between 3.29-3.59%.

If you have a variable rate of any more than prime +.75 or a fixed rate of 4.25% 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 April 17th, 2012.

-Cory Kline, Mortgage Advisor at Neighbourhood Dominion Lending Centres: 705-794-1283 or cory@ndlc.ca

P.S. If you, your family, or co-workers require guidance on current market trends, please call us, we are always available to help.