Wednesday, August 25th, 2010
Rates:
1yr 2.44% (0.00%)
2yr 3.09%% (+ 0.05%)
3yr 2.90% (- 0.54%)
4yr 3.79% (0.00%)
5yr 3.69% (- 0.10%)
3yr variable closed (Prime - .75%) = 2.00%
5yr variable closed (Prime - .65%) = 2.10%
Although we still experience a decline in mortgage rates be prepared for the prime rate to go higher before the end ...
Posted in Mortgage News
Monday, August 9th, 2010
Two of Canada’s biggest lenders have cut their posted fixed mortgage interest rates, and economists predict rates may drop even further.
The Royal Bank of Canada led the charge, announcing yesterday that its five-year lending rate would be cut to 5.59%, down a tenth of a percentage point. The Bank ...
Posted in Mortgage News
Monday, July 12th, 2010
1yr 2.54% ( 0.00%)
2yr 2.95% (-0.10%)
3yr 3.49% ( 0.00%)
4yr 4.09% (-0.05%)
5yr 3.99% ( 0.00%)
3yr and 5yr variable closed (Prime - .60%) = 1.90%
Posted in Real Estate News
Tuesday, January 22nd, 2008
The Central Bank announced a .25 per cent cut to its overnight lending rate today in reaction to the slowdown in the US economy, with the major banks quickly falling in line.
The prime lending rate now stands at 5.75%, and further cuts are expected to follow as the global economy ...
Posted in Real Estate News
Wednesday, September 19th, 2007
Yesterday's announcement of a cut to a key US interest rate is unlikely to be mirrored in Canada, say financial experts, as the loonie soars and the Canadian housing market holds strong.
The U.S. Federal Reserve announced a half-point cut to its federal funds rate on Tuesday, in hopes of avoiding ...
Posted in Real Estate News