With heightened concerns on possible defaults in Europe, Our bond hit a new low for 2011. So far we have not seen any lender’s drop their fixed rates.
Fixed rates continue to be at record lows.
If you have a variable rate of any more than prime or prime + 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.
These low rates are 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 October 25, 2011.