The bond rate has remained in the lower range the past couple of  weeks and as a result we have seen lenders tweak 5 year money to the 2.99% – 3.09% range.
We have one lender that will secure 10 year funds at 3.89% both conventionally and high ratio. If you have had any thoughts on securing a 10 year rate, now is a great time to look into it.
If you have a variable rate of any more than prime +.75 or a fixed rate of 4.0% 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 3.00% The next meeting of the Bank of Canada is on September 5th, 2012.
If you, your family, or co-workers require guidance on current market trends, please call us, we are always available to help.

Thank you,

Cory (cory@ndlc.ca)