No changes in rates the past week ... 5 year funds remain in the 2.94-3.19% range, 10 year funds as low as 3.69%. Variable rate mortgages are available as low as 2.65%.
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If you have a variable rate of any more than prime +.75 or a fixed rate of 3.75% or more, we should explore the merits of refinancing to a lower rate. It may result in savings of thousands of dollars and a longer term at today's record low rates.
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 March 6th, 2013.
P.S. If you, your family, or co-workers require guidance on current market trends, please call us, we are always available to help.
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-Cory Kline (Cory@ndlc.ca or 705-794-1283)
Mortgage Planning since 1998, "Call for a FREE second opinion".