The bond rate stayed low and stable all week. Continued concerns over the European Debt situation (now Italy) has kept it extreme low. There have been a few minor rate drops this week. Five year mortgages can be obtained as low as 3.29% (some conditions apply).
If you have a variable rate of any more than prime +.75 or a fixed rate of 4.50% 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 December 6, 2011.
P.S. If you, your family, or co-workers require guidance on current market trends, please call us, we are always available to help.
Today’s 3 Year fixed Specials…
30 day… 2.94%, or 2.99% with $750 Cash Back
90 day… 3.04%, or 3.09% with $750 Cash Back