TimLacroix
07-18-2013, 08:18 AM
No surprises here! Bank of Canada holds steady!
If you haven't already done so, take advantage of low rates and increase your payment to pay down Variable rate mortgage, HELOC's, Student Loans, etc...
NO changes to Variable Rate Mortgage Holders! Prime remains at 3.00%.
Important to note that this announcement has nothing to do with Fixed Mortgage Rates. As most of you know, the rates have climbed over the past 3-4 weeks. Fixed rates follow the Canada 5 Year Bond Yield (http://www.investing.com/rates-bonds/canada-5-year-bond-yield)
Read More... (http://cgymortgage.com/blog/Calgary%20Mortgage%20News%20:%20The%20BoC%20Rate%20Remains%20UNCHANGED)
If you haven't already done so, take advantage of low rates and increase your payment to pay down Variable rate mortgage, HELOC's, Student Loans, etc...
NO changes to Variable Rate Mortgage Holders! Prime remains at 3.00%.
Important to note that this announcement has nothing to do with Fixed Mortgage Rates. As most of you know, the rates have climbed over the past 3-4 weeks. Fixed rates follow the Canada 5 Year Bond Yield (http://www.investing.com/rates-bonds/canada-5-year-bond-yield)
Read More... (http://cgymortgage.com/blog/Calgary%20Mortgage%20News%20:%20The%20BoC%20Rate%20Remains%20UNCHANGED)