Bank Prime Rate Up – Savings Tip
Bank Prime Rate Up (variable rate mortgages) – Savings Tip This morning the Bank of Canada met and decided to raise the overnight lending rate by 0.25%, which was expected. Banks are expected to follow and adjust their prime rate to 2.75% over the next day or so and some have already made this adjustment [...]
Bank Prime Now Up – Just a bit and a slow rise
Bank prime rate increase, but just by a bit and slow and delayed rise suggested. At yesterdays meeting the Bank Of Canada decided to raise the target for the overnight rate by 0.25%. This is the first increase since 2007 and has been expected for some time now. Banks have started to mirror this change [...]
Your Variable Rate Mortgage, Rate Unchanged.
Your variable mortgage rate is unchanged. Bank prime rate held at same level. The Bank Of Canada announced today that it will leave the target for the overnight rate unchanged so we can expect Bank’s prime rate to also remain unchanged. The next meeting for the Bank Of Canada will be on June 1, 2010 [...]
Mortgage Rate Update – Possible Delay In Increase
Variable Rate Mortgages – Bank Prime Rate For some time now we have been hearing that we should expect the Bank of Canada and therefore Bank’s Prime rate to start rising around July of this year, 2010. However, recently in the new there has been suggestion that raising rates at this time could be a [...]
Bank Prime Rate – Variable Rate Mortgage, No change
Bank Of Canada Meeting – No Change Prime or Variable Rate Mortgages Once again, the Bank of Canada announced it would keep the key interest rate at a record low to achieve its inflation target of two per cent. As such, Bank’s Prime rate will also likely remain unchanged from its current level of 2.25%. [...]