World markets continued to focus on the looming U.S. debt deadline. Bond prices continued to stay near lows for 2011. There were no changes in fixed or variable interest rates.
If you have a variable rate of any more than prime or prime + or a fixed rate of 4.75% 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.
These low rates are still close to historical lows, making now a great time to buy or refinance.
Bank prime is at 3.00%
The next meeting of the Bank of Canada is on September 7, 2011.